Which of the Following Items of Foreign Source Income Is

question 51

Multiple Choice

Which of the following items of foreign source income is classified as passive category income for foreign tax credit purposes?

• A)Dividend received from a 5 percent owned foreign corporation, all of the income of which is derived from an active business.
• B)Dividend received from a 20 percent owned foreign corporation, all of the income of which is derived from an active business.
• C)Dividend received from a 100 percent owned foreign corporation, all of the income of which is derived from an active business.
• D)None of the dividends in the scenarios listed here are classified as passive category income.

---

Definitions:

Blood Pressure

The pressure of circulating blood against the walls of blood vessels, an important indicator of cardiovascular health.

First Draft

The initial version of a document or product that usually undergoes further revision.

Video Game Addiction

A problematic gaming behavior characterized by excessive or compulsive use of video games, leading to significant impairment or distress.

Leisure Time Activities

Activities engaged in for relaxation, amusement, or recreation outside of one's work or daily duties.