14. The following information pertains to Wald Corp.’s operations for the year ended December 31, 2010:

Worldwide taxable income $300,000 US source taxable income 180,000 US income tax before foreign tax credit 96,000 Foreign nonbusiness-related interest earned 30,000 Foreign income taxes paid on nonbusinessrelated interest earned 12,000 Other foreign source taxable income 90,000 Foreign income taxes paid on other foreign source taxable income 27,000 What amount of foreign tax credit may Wald claim for 2010?

a. $28,800

b. $36,600

c. $38,400

d. $39,000