48. Colleen is a citizen and bona fide resident of Ireland. During the current year, she received the following income:

Cash dividends of $2,000 from a U.S.

corporation’s stock.

Interest of $1,000 on a U.S. corporation bond.

Royalty of $100,000 from a U.S.

corporation for use of a patent she developed.

Rent of $3,000 from U.S. individuals renting her cottage in Maine.

Identify the U.S. withholding tax rate on the payment of each item of income under the U.S.–Ireland income tax treaty and cite the appropriate treaty article. You can access the 1997 U.S.–Ireland income tax treaty on the IRS website, www.irs.gov.

Income Withholding Tax Rate Treaty Article Cash dividends of

$2,000 Interest of

$1,000 Royalty of

$100,000 Rent of

$3,000