Short Answer
Vintner,S.A.,a French corporation,received the following sources of income during 2017:
$20,000 interest income from a loan to its 100 percent owned U.S.subsidiary.
$30,000 dividend income from its 100 percent owned Canadian subsidiary.
$100,000 royalty income from its Irish subsidiary for use of a trademark within the United States.
$100,000 rent income from its Mexican subsidiary for use of a warehouse located in Arizona.
$50,000 capital gain from sale of stock in its 40 percent owned German joint venture.Title passed in the United States.
What amount of U.S.source income does Vintner have in 2017?
Correct Answer:

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$220,000
U.S.source income con...View Answer
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Correct Answer:
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U.S.source income con...
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