What is Velocity's U.S. income tax?

Exercise 9-16 (Algorithmic) (LO. 6) Velocity, Inc., a foreign corporation, earned $677,000 U.S.-source income from royalties that it collected, and $190,300 interest from its investment in U.S. Treasury bonds. Compute Velocity's U.S. income tax on these amounts. Velocity's U.S. income tax is Feedback Check My Work A corporation created or organized in the United States is a domestic corporation. A foreign corporation is one that is not domestic. Foreign corporations are taxed very much like nonresident aliens (NRAs)