Orion, Inc., a U.S. Corporation, reports foreign-source income and pays foreign taxes for the tax year as follows.
Income Taxes
Passive Category: Income= $150,000 Taxes =$13,000
General Category: Income= $300,000 Taxes =$150,000
Orion’s worldwide taxable income is $600,000, and U.S. taxes before the FTC are $210,000 (assume a 35% rate). What is Orion’s U.S. tax liability after the FTC?