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Compute velocity us income tax on these amounts

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Reference no: EM133010213

Problem - Velocity, Inc., a non-U.S. corporation, earned $515,000 U.S.-source income from royalties that it collected and $263,800 interest from its investment in U.S. Treasury bonds. Compute Velocity's U.S. income tax on these amounts.

Reference no: EM133010213

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