Which of the Following Is Incorrect Regarding Nondomiciliary Businesses

question 91

Multiple Choice

Which of the following is incorrect regarding nondomiciliary businesses?

• A) A business can be nondomiciliary in only one jurisdiction.
• B) A business cannot be nondomiciliary where headquartered.
• C) Subject to tax only where nexus exists.
• D) Subject to tax only where a sufficient connection exists.

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Definitions:

Original Planned

Pertains to the initial strategy or set of actions that were designed to achieve a specific outcome or goal.

Activity Level

A measure of the volume of production or operations, often influencing costs and profitability in businesses.

Management by Exception

A management strategy where only significant deviations from set plans, standards, or objectives are brought to the attention of management.

Material Differences

Significant disparities or variances in data, information, or financial figures that could influence decisions.