Question: Exercise 1 2 - 1 7 ( Algorithmic ) ( L 0 . 4 ) In 2 0 2 3 , Henri, a U .

 Exercise 12-17(Algorithmic)(L0.4) In 2023, Henri, a U.S. citizen and calendar year

Exercise 12-17(Algorithmic)(L0.4)
In 2023, Henri, a U.S. citizen and calendar year taxpayer, reports $22,600 of income from France, which imposes a 10% income tax, and
$45,000 from Italy, which imposes a 40% tax. In addition, Henri reports taxable income of $92,500 from within the United States.
Henri is married filing a joint return, and his U.S. tax before the foreign tax credit is $27,217.
Do not round your intermediate computations. Round your final answer to the nearest dollar.
Determine the amount of Henri's foreign tax credit.
$
taxpayer, reports $22,600 of income from France, which imposes a 10% income

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