Ashley, a U

question 5

Multiple Choice

Ashley, a U.S. citizen, works in England for part of the year. She earns $40,000 in England, paying $10,000 in income taxes to the British government. Her U.S. income is $60,000 and she pays $12,000 in U.S. taxes. Her taxes on her worldwide income are $20,000. What is Ashley's foreign tax credit? Assume she does not qualify for the foreign-earned income exclusion.

• A)$8,000
• B)$10,000
• C)$12,000
• D)none of the above

---

Definitions:

Bullet-Shaped

Describes objects or entities having a rounded, tapered form at one end, resembling the shape of a bullet, often used to describe certain types of viruses or projectiles.

Body Temperature

The measure of the body's ability to generate and get rid of heat, crucial for proper physiological function.

Prescription Drug

Medication that legally requires a medical prescription to be dispensed, as opposed to over-the-counter drugs.