Match the Definition with the Correct Term

question 113

Multiple Choice

Match the definition with the correct term.
-Income of foreign person taxed through filing of a U.S. tax return with deductions allowed against gross income.

• A)Expatriate
• B)Resident
• C)Nonresident alien
• D)U.S. trade or business
• E)Effectively connected income

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Definitions:

Principal

In law and finance, the individual or entity who authorizes another to act on their behalf; in bonds, it refers to the original amount of money borrowed or invested, excluding any interest.

Signature Line

A line on a document where an individual is expected to sign, indicating agreement or acknowledgment of the contents of the document.

Sunny Climate

A climate characterized by high levels of sunshine and warm temperatures, often associated with positive mental health and leisure activities.

Travel Agent

A professional who arranges and sells transportation and lodging for travelers, often including additional services and itinerary planning.