Determine amount of US source income for each corporation

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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 Post 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: EM132648090

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