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How much of Austin income is treated as foreign source

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Question - 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?

a. $140,000

b. $110,000

c. $70,000

d. $60,000

Reference no: EM132630040

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