In Working with the Foreign Tax Credit, a U

question 47

Multiple Choice

In working with the foreign tax credit, a U.S. corporation may be able to alleviate the problem of excess foreign taxes by:

• A) Deducting the excess foreign taxes that do not qualify for the credit.
• B) Repatriating more foreign income to the United States in the year there is an excess limitation.
• C) Generating "same basket" foreign-source income that is subject to a tax rate higher than the U.S. tax rate.
• D) Generating "same basket" foreign-source income that is subject to a tax rate lower than the U.S. tax rate.

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Definitions:

Test-retest Reliability

The consistency of an individual's scores on the same test administered on two different occasions.

Content Validity

The degree to which a test or assessment measures all facets of the concept it intends to measure.

Internal Consistency

A measure of reliability; the degree to which different test items that propose to measure the same general construct produce similar results.

Odd-even Reliability

A measure of internal consistency reliability where a test is split into two parts (odd and even items) to assess the consistency of results across these halves.