Austin corporation, a u.s. corporation, received the following investment income during the current year: $50,000 of dividend income from ownership of stock in a french corporation, $20,000 interest on a loan to its dutch subsidiary, $40,000 royalty from its 50 percent owned irish venture, and $30,000 capital gain from sale of its stock in a brazilian corporation. How much of austin's income is treated as foreign source?

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16-07-2024
Business

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Austin corporation, a u.s. corporation, received the following investment income during the current year: $50,000 of dividend income from ownership of stock in a french corporation, $20,000 interest on a loan to its dutch subsidiary, $40,000 royalty from its 50 percent owned irish venture, and $30,000 capital gain from sale of its stock in a brazilian corporation. How much of austin's income is treated as foreign source?

Sagot :

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