The foreign tax rate that you paid isn't what that multiplier is about. It's about your US tax rate. You can't take a deduction for the full amount of foreign tax that you paid because you can only take a deduction for what the US tax would be on that foreign income. In your case the system already figured out that that is 15%.
@ap101
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
