Dave is a us citizen who works in a foreign country for a, Financial Accounting

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Dave is a us citizen who works in a foreign country for a

Dave is a U.S. citizen who works in a foreign country for a few months, earning $20,000 U.S. He pays $5,000 in tax to the foreign country. He earns a total of $80,000 subject to U.S. tax and pays $24,000 in U.S. tax. What is the amount of the allowable foreign income tax credit that can be claimed by Dave?

a. $5,000

b. $6,000

c. $24,000

d. None of the above

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Financial Accounting: Dave is a us citizen who works in a foreign country for a

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Financial Accounting: Dave is a us citizen who works in a foreign country for a

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