14. Kendrick Inc., a non- resident foreign corporation, was credited $46,250 interest income on its depositary account in an FCDU Bank. How much final tax was withheld? *

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter16: Multijurisdictional Taxation
Section: Chapter Questions
Problem 29P
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14. Kendrick Inc., a non-
resident foreign corporation,
was credited $46,250 interest
income on its depositary
account in an FCDU Bank. How
much final tax was withheld? *
O a. $0
b. $ 7,500
O c. $ 6,937.50
O d. $ 23,125.00
Transcribed Image Text:14. Kendrick Inc., a non- resident foreign corporation, was credited $46,250 interest income on its depositary account in an FCDU Bank. How much final tax was withheld? * O a. $0 b. $ 7,500 O c. $ 6,937.50 O d. $ 23,125.00
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