What amount of sg&a expenses can be deducted, Accounting Basics

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What amount of sg&a expenses can be deducted

Question: FORco, a foreign corporation, operates a branch sales office that constitutes a U.S. trade or business. FORco has $100M of worldwide gross profit, $25M of which is effectively connected with the U.S. trade or business. FORco has $10M of SG&A expenses. What amount of SG&A expenses can be deducted against ECI?

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Accounting Basics: What amount of sg&a expenses can be deducted

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Accounting Basics: What amount of sg&a expenses can be deducted

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