Vintner, S

question 69

Essay

Vintner, S.A., a French corporation, received the following sources of income:
$20,000 interest income from a loan to its 100 percent owned U.S. subsidiary
$30,000 dividend income from its 5 percent owned Canadian subsidiary
$100,000 royalty income from its Irish subsidiary for use of a trademark within the United States
$100,000 rent income from its Mexican subsidiary for use of a warehouse located in Arizona
$50,000 capital gain from sale of stock in its 40 percent owned German joint venture. Title passed in the United States.
What amount of U.S. source income does Vintner have?

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Definitions:

Law Of Effect

A principle in psychology stating that behaviors followed by pleasant consequences are likely to be repeated, while those followed by unpleasant consequences are less likely to be repeated.

Reinforcement

A stimulus or event that follows a response and increases the likelihood of that response being repeated.

Motivation Level

The intensity and direction of an individual's effort and energy towards achieving a specific goal.

Puzzle Boxes

Mechanical puzzles that require a set of manipulative or logical steps to open and reveal their contents.