Identify Which of the Following Statements Is True

question 72

Multiple Choice

Identify which of the following statements is true.

• A)When a cash-basis taxpayer elects to take a credit for accrued foreign income taxes, certain other income and expense items must likewise be accrued.
• B)The taxpayer may revoke an election to exclude foreign-source earned income if a loss is incurred from foreign employment.
• C)A nonresident alien can elect to be considered a resident alien if the nonresident alien is married to a U.S. citizen or a resident alien sometime during the tax year and both spouses consent.
• D)All of the above are true.

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Definitions:

Primacy

The principle that items or information presented first are usually remembered better than items presented later.

Genetic Factors

Elements of an individual's DNA that influence their physical attributes, behaviors, and susceptibility to certain diseases.

Parental Effect

The influence that parents have on the development, behavior, and personality of their children, often studied in psychology and behavioral genetics.

Allport

Refers to Gordon Allport, a psychologist who emphasized the uniqueness of the individual and the importance of the present context for understanding behavior.