Identify Which of the Following Statements Is True

question 3

Multiple Choice

Identify which of the following statements is true.

• A)If a foreign national has a closer connection with his home country, the individual is taxed as a resident alien.
• B)To obtain resident status, an alien must meet both the lawful permanent resident test and the substantial presence test.
• C)An individual who is a resident alien of the United States is taxed on his or her worldwide income at the same tax rates that would apply to a U.S. citizen.
• D)All of the above are false.

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Definitions:

Opportunity Cost

The financial impact of rejecting the subsequent optimal choice when deciding.

Government Deficits

The financial situation in which a government's expenditures exceed its revenues within a given period, leading to borrowing or currency emission.

Federal Spending

Refers to the expenditures by the central government of a country on goods, services, and obligations.

Health Care

The organized provision of medical, diagnostic, preventive, and treatment services including mental health, personal care, and research activities.