ForCo, a foreign corporation not engaged in a U S trade or business, received a $250,000 dividend from USCo, a domestic corporation ForCo incurred $40,000 in expenses related to earning the dividend All of USCo 's income is from U S sources ForCo is not eligible for any treaty benefits What is the ...

ForCo, a foreign corporation not engaged in a U.S. trade or business, received a $250,000 dividend from

Question:

ForCo, a foreign not engaged in a U.S. trade or business, received a $250,000 from USCo, a domestic ForCo incurred $40,000 in expenses related to earning the All of USCo's income is from U.S. sources. ForCo is not eligible for any treaty benefits. What is the withholding tax on the paid to ForCo?
Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may... Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...