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.

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Definitions:

Spinal Cord

A long, thin, tubular bundle of nervous tissue and support cells that extends from the brainstem to the lower back, part of the central nervous system.

Bodily Reflexes

Automatic, involuntary responses of the body to certain stimuli that do not require conscious thought, such as the knee-jerk reflex.

Central Nervous

Components of the nervous system, specifically the brain and spinal cord, play a crucial role in assimilating sensory inputs and reacting to them as needed.

Spinal Cord

The main pathway for information connecting the brain and peripheral nervous system, crucial for motor control and sensory function.