_____ 20 a U

question 54

True/False

_____ 20. A U. S. citizen working in a foreign country with a higher tax rate on income than the U. S. tax rate, is usually better off claiming the foreign tax credit than the foreign earned income exclusion.

---

Definitions:

Money Out

A term referring to payments or expenditures made by a business, leading to an outflow of funds.

Pay Bills

The act of settling outstanding accounts payable or obligations, usually referring to the remittance of money to creditors.

Bank Deposit Form

A document used to deposit funds into a bank account, specifying details like the account number and deposit amount.

Customer Sales

The revenue earned from selling goods or services to customers.