In the Broadest Application of the Unitary Theory, the U

question 138

Multiple Choice

In the broadest application of the unitary theory, the U.S. unitary business files a combined tax return using factors and income amounts for all affiliates:

• A) Organized in the United States.
• B) Organized in North American Free Trade Agreement (NAFTA) countries.
• C) Organized anywhere in the world.
• D) As dictated by the tax treaties between the United States and other countries.

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Definitions:

APA

Acronym for American Psychological Association, a major scientific and professional organization of psychologists in the United States, or referring to its publication style guide.

Proposed Rule

A suggested regulation or policy that is under consideration but has not yet been adopted or implemented.

Judicial Review

The power of courts to assess the constitutionality of legislative acts or governmental actions and to declare them void if they violate the constitution.

Statute

A formal written law enacted by a legislative body, at the national or state level.