Britta, Inc Britta's Worldwide Taxable Income Is $1,600,000 and U

question 102

Essay

Britta, Inc., a U.S. corporation, reports foreign-source income and pays foreign taxes as follows.
$$\begin{array} { l r r } &\text { Income } & \text { Taxes } \\\text { Passive category } & \$ 200,000 & \$ 10,000 \\\text { General limitation category } & 800,000 & 350,000\end{array}$$
Britta's worldwide taxable income is $1,600,000 and U.S. taxes before FTC are $336,000 21% tax rate). What is
Britta's U.S. tax liability after the FTC?