The Following Persons Own Schlecht Corporation, a Non-U ? None of the Shareholders Are Related

question 85

Multiple Choice

The following persons own Schlecht Corporation, a non-U.S.entity. $$\begin{array} { l r } \text { Jim, U.S. individual } & 35 \% \\\text { Gina, U.S. individual } & 15 \% \\\text { Marina, U.S. individual } & 8 \% \\\text { Pedro, U.S. individual } & 12 \% \\\text { Chee, non-U.S.individual } & 30 \%\end{array}$$ ? None of the shareholders are related.Subpart F income for the tax year is $300,000.No distributions are made.Which of the following statements is correct?

• A)Schlecht is not a CFC.
• B)Chee includes $90,000 in gross income.
• C)Marina is not a U.S.shareholder for purposes of determining whether Schlecht is a CFC.
• D)Marina includes $24,000 in gross income.

---

Definitions:

Psychological Factors

Variables related to an individual's mental processes and behavior, influencing their emotional and psychological well-being.

Diagnosis

The identification of the nature of an illness or other problem by examination of the symptoms.

Categorical Approach

The diagnostic approach taken by the DSM, in which an individual is deemed either to have a disorder or not have a disorder.

Dimensional Rating

A method or scale used for assessing a specific characteristic or property along a continuum or with numerous dimensions.