To Lessen or Eliminate the Effect of Multiple Taxation, a Taxpayer

question 158

True/False

To lessen or eliminate the effect of multiple taxation, a taxpayer who is subject to both foreign and U.S.income taxes on the same income is allowed either a deduction or a credit for the foreign tax paid.

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Definitions:

Constructed Figure

A geometric shape that is drawn or created using specific rules or tools.

Expression

A combination of symbols, numbers, and operations (such as addition and multiplication) that represents a mathematical concept.

Factor

One of two or more expressions that are multiplied together to form a product or an element that divides another number or expression without leaving a remainder.

Factor

A number or algebraic expression that divides another number or expression evenly—without leaving a remainder.