Chapeau Company, a U.S. corporation, operates through a branch in Champagnia. The source rules used by Champagnia are identical to those used by the United States. For 2023, Chapeau has $6,000 of gross income: $3,600 from U.S. sources and $2,400 from sources within Champagnia. The $3,600 of U.S. source income and $2,100 of the foreign source income are attributable to manufacturing activities in Champagnia (foreign branch income). The remaining $300 of foreign source income is passive category interest income. Chapeau had $1,500 of expenses other than taxes, all of which are allocated directly to manufacturing income ($600 of which is apportioned to foreign sources). Chapeau paid $370 of income taxes to Champagnia on its manufacturing income. The interest income was subject to a 10 percent withholding tax of $30.
Compute Chapeau's total allowable foreign tax credit in 2023.
Note: Do not round any division. Round other intermediate computations to the nearest whole dollar amount.
Answer is complete but not entirely correct.
Total foreign tax credit
$ 370