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TB MC Qu. 24-37 Russell Starling, an Australian citizen and... Russell Starling, an Australian citizen and resident, received the following investment income during the current
TB MC Qu. 24-37 Russell Starling, an Australian citizen and... Russell Starling, an Australian citizen and resident, received the following investment income during the current year: $5,340 of dividend income from ownership of stock in a U.S. corporation, $11,700 interest from a certificate of deposit in a U.S. bank, $3,850 of interest income earned from a loan to Clint Westwood, a U.S. citizen, and $2,425 capital gain from sale of a stock in a U.S. corporation. How much of Russell's income will be subject to U.S. taxation? Multiple Choice $23,315. $11,700. $17,040. $9,190
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