Quantco, Inc., $aU.S.C-$Corporation, $isan$ engineering consulting firm that has its main office $in$ San Diego, California. Due $to$ the fact that Quantco, Inc. does a considerable amount $of$ business $in$ France, Quantco, Inc. has a branch office $in$ Paris. During the current year, Quantco, Inc. generates worldwide taxable income $of$ $$100,000,000(all$ from active business operations$),$ including $$80,000,000of$ net $U.S.$ source taxable income from its $U.S.$ operations and $$20,000,000of$ net foreign$-$source taxable income from its French operations. Assume the $U.S.$ corporate income tax flat rate $is21\%,$ the French corporate taxable income $is$ $$20,000,000,$ and the French corporate income tax flat rate $is30\%.$

$a.$ Compute Quantco, Inc.$\text{'}s$ creditable foreign taxes, foreign tax credit $limitation$ amount, and foreign tax credits. $Is$ Quantco, Inc. $inan$ excess $limitationoran$ excess credit position? $(1$ point$)$

$b.$ Now assume that Quantco, Inc. has a second foreign branch office $in$ Singapore that generates $$10,000,000of$ net foreign$-$source taxable income $(all$ from active business operations$),on$ which Quantco, Inc. pays Singapore income taxes $at$ a corporate income tax flat rate $of10\%on$ its Singaporean taxable income $of$ $$10,000,000.$ Recompute Quantco, Inc.$\text{'}s$ creditable foreign taxes, foreign tax credit $limitation$ amount, and foreign tax credits. $(2$ points$)$

$c.$ Finally, assume the same facts $as(b),$ but the $$10,000,000of$ net foreign$-$source taxable income from Singapore $is$ subject $to$ a flat $10\%$ Singapore withholding tax rate because $it$ constitutes interest income from a Singaporean bank. Recompute Quantco, Inc.$\text{'}s$ creditable foreign taxes, foreign tax credit $limitation$ amount$(s),$ and foreign tax credits. $Is$ Quantco, Inc. $inan$ excess $limitationoran$ excess credit position$(s)?(1$ point$)$