Question: The previous answer is wrong please post new answer if you report to Chegg team Henri, a U.S. citizen and calendar year taxpayer, reports $21,000
The previous answer is wrong please post new answer if you report to Chegg team
Henri, a U.S. citizen and calendar year taxpayer, reports $21,000 of income from France, which imposes a 10% income tax, and $46,800 from Italy, which imposes a 40% tax. In addition, Henri reports taxable income of $92,000 from within the United States. Henri is married filing a joint return, and his U.S. tax before the foreign tax credit is $27,166. Do not round your intermediate computations. Round your final answer to the nearest dollar. Determine the amount of Henri's foreign tax credit.
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