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560,000 ans 780,000 are wrong please read carefully USCo manufactures and markets electrical components. USCo operates outside the United States through a number of CFCs,

560,000 ans 780,000 are wrong
please read carefully image text in transcribed
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USCo manufactures and markets electrical components. USCo operates outside the United States through a number of CFCs, each of which is organized in a different country. These CFCs derlved the following income for the current year Determine the amount of income that USCo must report as a deemed dividend under subpart F in each scenario. Note: Leave no answer blank. Enter zero if applicable. Round your final answer to 1 decimal place. Problem 24-59 Part a (Algo) a. F1 has gross income of $14.00 million, including $560,000 of foreign personal holding company interest and $13.30 million of gross income from the sale of inventory that F1 manufactured at a factory located within its home country. b. F2 has gross income of $8.6 million, including $6.88 million of foreign personal holding company interest and $1.72 million of gross income from the sale of inventory that F2 manufactured at a factory located within its home country

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