Identify Which of the Following Statements Is False

question 43

Multiple Choice

Identify which of the following statements is false.

• A)A nonresident alien can elect to have income earned on a passive real estate investment treated as trade or business income.
• B)Nonresident aliens may use either the standard deduction or claim itemized deductions.
• C)Nonresident aliens are generally allowed to claim only a single personal exemption.
• D)All of the above are false.

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Definitions:

Profit-Maximizing

Refers to strategies or decisions taken by a company to maximize its profits by increasing revenue, reducing costs, or both.

Charge a Price

The act of assigning a monetary value to a product or service that customers must pay to obtain it.

Marginal Cost

is the cost incurred by producing one additional unit of a product or service.

Profits

The financial gain made in a transaction or operation, calculated as the difference between revenue and expenses.