_____ 24 a Nonresident Alien Can Only File a Joint Return

question 91

True/False

_____ 24. A nonresident alien can only file a joint return with a United States citizen or resident if they both agree to be taxed on their worldwide income.

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Definitions:

Cash and Cash Equivalents

Liquid assets that include currency, checks, and short-term investments that can be quickly converted to cash.

Net Income

Net income is the total profit remaining after all expenses, taxes, and costs have been subtracted from total revenues.

Equity

The value of an owner's interest in a property or business, calculated as the difference between the assets and liabilities.

Cash Flow on Total Assets

A measure of the efficiency with which a company generates cash from its assets, calculated as cash flow from operations divided by total assets.