Question: During 2 0 2 2 , FTrailer, a foreign subsidiary, distributes a $ 2 0 million dividend to Trailerco, a U . S . C

During 2022, FTrailer, a foreign subsidiary, distributes a $20 million dividend to Trailerco, a U.S. C corporation. FTrailer has post-2017 undistributed E&P of $120 million and post-2017 foreign income taxes of $50 million. Assume that the United States corporate tax rate is 21% and the dividend incurs a withholding tax of 5%. As a result of the dividend, what is the foreign tax due and the U.S. tax due?

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