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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The Answer of 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?