Question: Silver, Incorporated, a U . S . corporation, received the following sources of income: $ 1 6 , 5 0 0 interest income from a
Silver, Incorporated, a US corporation, received the following sources of income:
$ interest income from a loan to its percent owned Italian subsidiary.
$ dividend income from its percent owned Swiss subsidiary.
$ royalty income from its Spain subsidiary for use of a trademark outside the United States.
$ rent income from its Canadian subsidiary for use of a warehouse located in Delaware.
$ capital gain from sale of stock in its percent owned Greece joint venture. Title passed in Greece.
What amount of foreign source income does Silver have?
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