Identify Which of the Following Statements Is True

question 24

Multiple Choice

Identify which of the following statements is true.

• A) Aliens, who are U.S. residents, are taxed only on their U.S. income.
• B) Capital gains earned in the United States, other than in the conduct of a U.S. trade or business, are taxed to a nonresident alien only if the alien is physically present in the United States for at least 183 days during the tax year.
• C) A nonresident alien from a nontreaty country is taxed at a 35% rate on U.S. source investment income without the benefit of any deductions.
• D) All of the above are true.

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Definitions:

Decrease Liabilities

Actions or transactions that result in the reduction of obligations owed by a company, improving its financial position.

Received Cash

Funds that have been physically or digitally transferred to an entity, reflecting an increase in its liquidity.

Increase Assets

Increasing assets refers to any action or transaction that raises the total value of the assets owned by an individual or entity.

Accounting Equation

The basic principle that equates assets with the sum of liabilities and shareholders' equity, formulated as Assets = Liabilities + Equity.