Which of the Following Statements Regarding a Non-U

question 125

Multiple Choice

Which of the following statements regarding a non-U.S. person's U.S. tax consequences is true?

• A) Non-U.S. persons may be subject to U.S. withholding tax on U.S.-source investment income.
• B) Non-U.S. individuals may be subject to U.S. income tax but non-U.S. corporations are never subject to U.S. income tax.
• C) Non-U.S. persons are subject to U.S. income or withholding tax only if engaged in a U.S. trade or business.
• D) Non-U.S. persons must be physically present in the United States before any U.S.-source income is subject to U.S. income or withholding tax.

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Definitions:

Leading Indicators

Economic factors that change before the economy starts to follow a particular trend, used to predict the future movements of an economy.

Strategic Initiatives

Action plans that management implements to achieve strategic objectives.

Strategic Objectives

The specific, measurable goals that a company aims to achieve in order to execute its strategy and achieve its long-term vision.

Balanced Scorecard

A strategic planning and management system used to align business activities to the vision and strategy of the organization.