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It Is Illegal to Use Price Sensitive Information That Is

question 19

Multiple Choice

It is illegal to use price sensitive information that is not generally available to the public to buy or sell shares or other securities.This offence is known as:


Definitions:

Foreign Tax Credit

A tax credit that allows taxpayers to offset income tax paid to foreign countries against their U.S. tax liability to avoid double taxation.

U.S. Income Tax

A charge imposed by the U.S. federal government on the yearly income of individuals, companies, trusts, and various legal bodies.

Foreign Government

It refers to the government of a country other than one's own.

Retirement Savings Contributions Credit

A tax credit available to low and moderate-income individuals and families who contribute to qualified retirement savings accounts, aiming to encourage retirement savings.

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