Velox Inc. began operations last year. For its first two taxable years, Veloxs records show the following.

		Year 1		Year 2
U.S. source income		$300,000		$270,000
Foreign source income		200,000		630,000
Taxable income		$500,000		$900,000
Foreign income tax paid		$62,000		$101,000

Compute Veloxs U.S. tax for both years, assuming the foreign source income does not qualify as FDII.

the corporate tax rate is 21 %