Problem $25-36($LO$.5)$

Dunne, Inc., a U$.$S$.$ corporation, earned $$500,000$ in total taxable income, including $$50,000$ in foreign$-$source taxable income from its branch manufacturing operations in Brazil and $$20,000$ in foreign$-$source income from interest earned on bonds issued by Dutch corporations. Dunne paid $$25,000$ in Brazilian income taxes and $$3,000$ in Dutch income taxes. Dunne's U$.$S$.$ tax rate is $21\%.$

a$.$ The FTC limit related to the Brazilian manufacturing branch is $ and of this amo Dunne is allowed

b$.$ The FTC limit related to the Dutch bonds is $ and of this amount Dunne is allowed $

c$.$ Dunne's U$.$S$.$ tax liability $($after any available FTC$)$ is $

d$.$ Dunne has a $ carryforward in the foreign branch basket.