Match the Definition with the Correct Term

question 15

Short Answer

Match the definition with the correct term.
a. Expatriate
b. Resident
c. Nonresident alien
d. U.S. trade or business
e. Branch profits tax
f. Effectively connected income
-Rule that requires determination of the dividend equivalent amount.

---

Definitions:

Debts

Money owed by one party to another under an agreement to repay borrowed funds or services.

Stocks

Financial instruments representing ownership in a company or corporation, offering a claim to part of the corporation's assets and profits.

Equity Securities

Financial instruments representing ownership in a company, such as stocks, which give shareholders voting rights and potential dividends.

Ownership

The state or fact of legal possession and control over property, which can include goods, land, or intellectual property.