If a Taxpayer Chooses to Claim a Foreign Tax Credit

question 68

True/False

If a taxpayer chooses to claim a foreign tax credit, part of the foreign income taxes paid can also be claimed as a deduction.

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Definitions:

Apprehensive

Feeling anxious or fearful that something bad or unpleasant will happen.

Psychoanalytic Perspective

A theory of personality and therapeutic technique that attributes thoughts and actions to unconscious motives and conflicts.

Phobias

Strong, unreasonable anxieties about particular things, actions, or scenarios that result in evasive actions.

Repressed Impulses

Desires or thoughts that are pushed out of the conscious mind into the unconscious due to being deemed unacceptable.