Fredericton Corp. earned $$60,000$ in foreign business income in the current taxation year and foreign income tax of $$7,500$ was paid on this income. Fredericton Corp. has correctly calculated its federal income tax payable before the foreign business income tax credit as $$15,250,$ calculated as follows: Base Amount of tax $$48,000$ Federal Abatement $(12,000)$ SBD $(19,250)$ GRR $(1,500)$ Federal Income Tax before Foreign Business Tax Credit $$15,250$ What is the amount of Tax Otherwise Payable for purposes of the foreign business income tax credit calculation? $$48,000$ $$46,500$ $$34,500$ $$27,250$