Question: Exercise 13-17 ( Algorithmic ) (LO . 4) In 2021, Henri, a U.S. citizen and calendar year taxpayer, reports $ 21,000 of income from France,

Exercise 13-17 ( Algorithmic ) (LO . 4) In 2021, Henri, a U.S. citizen and calendar year taxpayer, reports $ 21,000 of income from France, which imposes a 10% income tax, and $ 46,800 from Italy, which imposes a 40% tax. In addition, Henri reports taxable income of $92,000 front within the United States. Henri is married filing a joint return , and his U.S. tax before the foreign tax credit is $27,166. Do not round your intermediate computations . Round your final answer to the nearest dollar . Determine the amount of Henri's foreign tax credit .

Exercise 13-17 (Algorithmic) (LO. 4) In 2021, Henri, a U.S. citizen and calendar year taxpayer, reports $21,000 of income from France, which imposes a 10% income tax, and $46,800 from Italy, which imposes a 40% tax. In addition, Henri reports taxable income of $92,000 from within the United States. Henri is married filing a joint return, and his U.S. tax before the foreign tax credit is $27,166. Do not round your intermediate computations. Round your final answer to the nearest dollar. Determine the amount of Henri's foreign tax credit

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