Question: Exercise 13-18 (Algorithmic) (LO. 4) In 2017, Henri, a u.s. citizen and calendar year taxpayer, reports $58,000 or income from France, which imposes a 10%

Exercise 13-18 (Algorithmic) (LO. 4) In 2017, Henri, a u.s. citizen

Exercise 13-18 (Algorithmic) (LO. 4) In 2017, Henri, a u.s. citizen and calendar year taxpayer, reports $58,000 or income from France, which imposes a 10% income tax, and $87,000 from Italy, which imposes a 40% tax. In addition, Henri reports taxable income of $116,000 from within the United States. Henri is married filing a joint return, and he claims three dependency exemptions. Henri's U.S. tax before the foreign tax credit is $29,000. Round any division to two decimal places and round your final answer to the nearest dollar. Henri's foreign tax credit is 16,111 X

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