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FORco, a foreign corporation, operates a branch sales office that constitutes a U.S. trade or business. FORco has $100M of worldwide gross profit, $25M of
FORco, a foreign corporation, operates a branch sales office that constitutes a U.S. trade or business. FORco has $100M of worldwide gross profit, $25M of which is effectively connected with the U.S. trade or business. FORco has $10M of SG&A expenses. What amount of SG&A expenses can be deducted against ECI
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