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USCo manufactures and markets electrical components. USCo operates outside the United States through a number of CFCs, eoch 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, eoch 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 Fin each scenario. Note: Leave no answer blank. Enter zero if applicable. Required: Note: Round your final answer to 1 decimal place. 0. Fi has gross income of $14.00 million, including $560.000 of foreign personal holding company interest and $13.30 million of gross income from the sale of inventory that F1 manufoctured ot a factory located within its home country b. F2 has gross income of $8.6 million, including $6.88 million of foreign personal holding company interest and $172million of gross income from the sale of inventory thot F2 manufactured at a factory locoted within its home country. Complete this question by entering your answers in the tabs below. F1 has gross income of $14.00 million, induding $560,000 of foreign personal holding company interest and $13.30 million of gross income from the sale of inventory that F1 manufactured at a factory located within its home country. 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 os a deemed dividend under subpart Fin each scenario. Note: Leave no answer blank. Enter zero if applicable. Required: Note: Round your final answer to 1 decimal place. a. Fi has gross income of $14,00milion, including $560,000 of foreign personal holding company interest and $13.30 million of gross income from the sale of inventory that Fi manufactured at o factory located within its home country. b. F2 hos gross income of $8.6 mition, including $6.88 mullion of foreign personal holding company interest and $172 million of gross income from the sale of inventory that F2 manufactured ot a factory located within its home country. Complete this question by entering your answers in the tabs below. F2 has oross income of $8.6 million, indudine $6.88 million of foreign personal holding company interest and $1.72 million of gross income from the sale of inventory that F2 manufactured at a factory located within its home country. Note: Round your final answer to 1 decimal place

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