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Case Study Part IV $$ Spring $2025$ Kitchen World Inc. is a Canadian controlled private corporation $($CCPC$)$ that operates a retail business selling cooking utensils, knives and small appliances for both professional chefs and home cooks. The following information is available for the current year ending December $31$:

Kitchen World Inc. is a CCPC that was incorporated $15$ years ago. Its head office is situated in Vancouver and it has branches $($permanent establishments $($PEs$))$ in the United States in Seattle, Washington and Portland, Oregon. Its taxation year is calendar$-$based $($January $1$ to December $31).$

All of the Company's Canadian income is active business income. The Company's $2024$ net income and taxable income is $$219,000.$ This amount includes $$32,000($Canadian$)$ in active business income that was earned by the two PEs in the United States. U$.$S$.$ income tax of $$9,600$ were paid with respect to the $$32,000$ earned in the U$.$S$.$ For purposes of calculating the federal abatement, assume that $90\%$ of the Company's taxable income is allocated to a province or territory. Kitchen's Taxable Capital Employed In Canada $($TCEC$)$ was $$8$ million in both $2023$ and $2024.$ Adjusted Aggregate Investment Income $($AAII$)$ was nil in both $2023$ and $2024.$

Required:

A$.$ Calculate Kitchen World Inc.$\text{'}2024$ federal income tax payable. Assume the foreign business income tax credit is equal to the foreign income tax paid of $$9,600.$

B$.$ Using the amounts determined in Part A$,$ calculate the actual foreign tax credit. Show all calculations, whether or not they are necessary to the final solution.