Identify Which of the Following Statements Is True

question 6

Multiple Choice

Identify which of the following statements is true.

• A)Capital gains earned in the United States, other than in the conduct of a U.S. trade or business, are taxed to a nonresident alien only if the alien is physically present in the United States for at least 183 days during the tax year.
• B)Aliens, who are U.S. residents, are taxed only on their U.S. income.
• C)A nonresident alien from a nontreaty country is taxed at a 35% rate on U.S. source investment income without the benefit of any deductions.
• D)All of the above are true.

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Definitions:

Accounts Receivable Turnover

A financial metric indicating how quickly a company collects on its accounts receivable.

Financial Statements

Papers that give a summary of a corporation's financial status, featuring the balance sheet, income statement, and statement of cash flows.

Service Fee

A charge imposed for the provision of a service, often additional to the regular cost of goods or services sold.

Perpetual Inventory System

An accounting method that continuously tracks inventory levels by adjusting them with each sale or purchase transaction.