Under Which of the Following Scenarios Could Charles, a Citizen

question 92

Multiple Choice

Under which of the following scenarios could Charles, a citizen of England, be eligible to claim the "closer connection" exception to the substantial presence test in 2020?

• A)Charles spent 183 days in the United States in 2020 and has his tax home in England.
• B)Charles spent 183 days in the United States in 2020 and has his tax home in the United States.
• C)Charles spent 182 days in the United States in 2020 and has his tax home in England.
• D)Charles spent 182 days in the United States in 2020 and has his tax home in the United States.

---

Definitions:

Percentage Of Increase

A measure expressed as a percentage that reflects the rise in value or quantity of something compared to its previous value.

Horizontal Analysis

A financial analysis technique that evaluates changes in financial statement line items over a series of reporting periods.

Vertical Analysis

A method in financial accounting where each entry in a financial statement is listed as a percentage of a base figure, facilitating the comparison of financial statements over different periods.

Accounts Receivable Turnover

A financial ratio that measures how efficiently a company collects revenue by comparing net credit sales to the average accounts receivable.