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Question 38 of 44 3 Points Click to see additional instructions USAco, a domestic corporation, manufactures widgets for sale worldwide. In year 2020, USAco had

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Question 38 of 44 3 Points Click to see additional instructions USAco, a domestic corporation, manufactures widgets for sale worldwide. In year 2020, USAco had $10 million of net income related to sales of products it manufactures in the US, of which 3 million relates to sales to customers outside the US. USACO also owns a factory, which it uses to produce the above income, and which has an average adjusted U.S. tax basis of $40 million (taking into account the straight-line depreciation method). As a result of these activities, USACo will be allowed a Foreign Derived Intangible Income ("FDII") deduction of

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