Which of the Following Transactions Directly Leads to a Surplus

question 526

Multiple Choice

Which of the following transactions directly leads to a surplus on the U.S. capital account?

• A) An American sells wheat to an African nation.
• B) A resident of France visits the United States.
• C) A Japanese resident purchases a U.S. government bond.
• D) An American purchases a share of stock on the Tokyo exchange.

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Definitions:

Progressive Income Tax

A tax system where the tax rate increases as the taxable amount of income increases, placing a higher tax burden on high-income earners.

Taxable Income

Taxable income is the amount of income that is subject to income tax, after deductions and exemptions.

Percent

A method of representing a number as a part of 100.

Straight Commission

A compensation method where an employee or salesperson is paid solely based on the amount of sales generated.