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Client received $120,000 of dividend income in 2015 from EUCO. EUCO is a foreign corporation that earned the following income during the period 2012-2015:

 

Year

 

Worldwide Gross Income

Income Effectively Connected w/ U.S. Trade or Business

2012

$250,000

$100,000

2013

$500,000

$150,000

2014

$550,000

$220,000

2015

$600,000

$385,000

What portion of the dividend will be classified as U.S.-source gross income?

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