Solution-Determine the amount of US source income

Determine the amount of US source income

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Reference no: EM132664229

Problem - Shonda receives dividend income from the following foreign and domestic corporations in the current tax year.

Corporation	Dividends Received	Percentage of U.S. Income for Past 3 Years
Silver (foreign)	$1,500	35%
Bronze (domestic)	1,000	20%
Copper (domestic)	2,000	80%

Required - Determine the amount of U.S. source income for each corporation.

Reference no: EM132664229

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Determine the amount of US source income

Reference no: EM132664229

Reference no: EM132664229

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