The following information pertains to Raubolt Corporation’s
operations for the current year:

Worldwide taxable income $300,000

US source taxable income 180,000

US income tax before foreign tax credit 96,000

General category income 90,000

Foreign income tax paid on general category income 32,000

Foreign passive category income 30,000

Foreign income tax paid on passive category income 7,500

What amount of foreign tax credit may Raubolt Corporation
claim for the current year?

$32,000$36,300$38,400$39,500

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