Question $15(10$ points$)$In a given year, the U$.$S$.$ IRS places an overall limitation applied to foreign tax credits. the maximum tax credit is figured on world$-$wide foreign$-$source income; losses in one country can offset profits in another.the maximum tax credit is figured on foreign$-$source income in each country, losses in one country cannot offset profits in another. the overall limitation is limited to the amount of tax that would be due on the foreign$-$source income if it had been earned in the United States. Both A & C are correct.