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Shonda receives dividend income from the following foreign and domestic corporations in the current tax year. Determine the amount of U.S.-sourced income for each corporation.
Shonda receives dividend income from the following foreign and domestic corporations in the current tax year. Determine the amount of U.S.-sourced income for each corporation.
Corporation Dividends % of U.S. Income U.S.-Source
Received for Past 3 Years Income
Silver (foreign) $1,500 35% $
Bronze (domestic)$1,000 20% $
Copper (domestic)$2,000 80% $
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