A Deemed Paid Credit Is Available on Which of the Following

question 43

Multiple Choice

A deemed paid credit is available on which of the following dividends received by a U.S. corporation?

• 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 100 percent owned foreign corporation, all of the income of which is derived from an active business.
• C) Dividend received from a 20 percent owned foreign corporation, all of the income of which is derived from an active business.
• D) Both B and C are correct.