Advanced International Tax

USAco. a domestic corporation, is the wholly-owned U.S. subsidiary of FORco. a foreign corporation. The U.S.-Country F tax treaty exempts interest payments from withholding taxes. USAco's financial statements appear as follows: The interest expense of $100 arises from a notes payable from USAco to FORco What is the maximum amount of interest USAco may deduct on its U.S. return' Rick Rocker, a citizen and resident of country F. conducts a lour in the United States A multi-talented individual. Rocker sets tickets to his concert from the ticket booth before his concert begins During intermission, he se*s beer from the beer stand. Afterwards. Rocker sells T-shirts at the concession stand is Rocker engaged in a U.S. trade or business? Explain If Rocker a engaged n a U.S. trade or business, what income is subject to U.S. tax