Which of the Following Foreign Taxes Are Not Creditable for U.S

question 64

Multiple Choice

Which of the following foreign taxes are not creditable for U.S. tax purposes?

• A) Direct taxes paid by a U.S. corporation on income earned in a foreign branch.
• B) Income taxes paid to a foreign taxing authority on a dividend received by a U.S. corporation from its 100 percent owned foreign subsidiary.
• C) Withholding taxes imposed on a dividend received by a U.S. corporation from its 100 percent owned foreign subsidiary.
• D) All of these taxes are creditable.

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Definitions:

Marital Relationships

The dynamic and interaction between spouses or partners legally recognized as married, including their emotional and physical bond.

Cohabitation

Being in a romantic and sexual relationship with someone without going through the process of getting married.

Intimate Relationships

Deeply personal and close connections between individuals, characterized by affection, love, trust, and mutual respect.

Sexual Exclusivity

The practice or agreement to engage in sexual activities with only one partner, often within the context of a romantic relationship.