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(Solved): Sam, a US citizen, paid the following foreign taxes: $75,000 Canadian real property tax$100,000 inco ...



Sam, a US citizen, paid the following foreign taxes:

$75,000 Canadian real property tax

$100,000 income tax on his branch operations in Peru

$30,000 withholding tax on a $100,000 dividend received from a Swiss entity where the treaty rate on dividend withholding between the US and Switzerland is 10%. Sam did nothing to claim the reduced treaty rate and would have been successful had he tried.

$25,000 income tax paid on behalf of his cousin who operates a bodega in Germany

What are Sam’s available foreign taxes that can be used as a credit should Sam elect to take a foreign tax credit?

a.$230,000
b.$205,000
c.$155,000
d.$130,000
e.$110,000


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