WorldCo, a Foreign Corporation Not Engaged in a U

question 111

Multiple Choice

WorldCo, a foreign corporation not engaged in a U.S. trade or business, receives $50,000 in interest income from deposits with the foreign branch of a U.S. bank. The U.S. bank earns 78% of its income from foreign sources. How much of WorldCo's interest income is U.S. source?

• A) $0
• B) $11,000
• C) $39,000
• D) $50,000

---

Definitions:

Active Listening

The practice of giving full attention to a speaker, understanding their message, and responding thoughtfully.

Own Biases

Own biases are the preset inclinations or prejudices an individual holds towards other people, objects, or ideas, often unconsciously influencing their perceptions and decisions.

Listening for Feelings

Paying attention to and understanding the emotions or sentiments expressed by someone, beyond just the words spoken.

Clearing Your Mind

The process of removing distractions and worries to focus better or relax.