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USCo manufactures and markets electrical components. USCo operates outside the United States through a number of CFCs, each of which is organized in a different

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USCo manufactures and markets electrical components. USCo operates outside the United States through a number of CFCs, each of which is organized in a different country. These CFCs derived the following income for the current year: Determine the amount of income that USCo must report as a deemed dividend under subpart F in each scenario. Note: Leave no answer blank. Enter zero if applicable. Round your final answer to 1 decimal place. roblem 24-59 Part b (Algo) b. F2 has gross income of $6.2 million, including $4.96 million of foreign personal holding company interest and $1.24 million of gross income from the sale of inventory that F2 manufactured at a factory located within its home country

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