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EDOON Problem 9-18 (LO. 3) Emma, a U.S. resident, received the following income items for the current tax year. Determine the amount of U.S.-Source Income

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EDOON Problem 9-18 (LO. 3) Emma, a U.S. resident, received the following income items for the current tax year. Determine the amount of U.S.-Source Income and Foreign-Source Income for each item. If an amount is zero, enter "0". If required, round your answer to the nearest dollar. Transaction U.S.-Source Income Foreign-Source Income a. $600 interest from a savings account at a Florida bank. 600 1-2-4-1 b. $5,000 dividend from U.S. Flower Company, a U.S. corporation that operates solely in the eastern United States. 5,000 c. 7,000 $7,000 dividend from Stern Corporation, a U.S. corporation that generated total gross income of $4,000,000 from the active conduct of a foreign trade or business for the immediately preceding three tax years. Stern's total gross income for the same period was $5,000,000 101 Il d. $ 3,333 $10,000 dividend from International Consolidated, Inc. a foreign corporation that reported gross income of $4,000,000 effectively connected with the conduct of a U.S. trade or business for the immediately preceding three tax years. International's total gross income for the same period was $12,000,000. e. $ 5,000 x $5,000 interest on Warren Corporation bonds. Warren is a U.S. corporation that derived $6,000,000 of its gross income for the immediately preceding three tax years from operation of an active foreign business, and Warren's total gross income for this same period was $7,200,000. Feedback Tchool Millor

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