Jacque, a Single Nonresident Alien, Is in the United States

question 52

Essay

Jacque, a single nonresident alien, is in the United States for 80 days in the current year engaging in the conduct of a U.S. trade or business. Jacque has a $15,000 capital gain on the sale of stock in a U.S. corporation while he was in the United States. The capital gain is not connected to his trade or business. How will the capital gain be taxed and how will the tax be collected?

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Definitions:

Isotopes of Oxygen

Variants of oxygen atoms with the same number of protons but different numbers of neutrons, leading to different atomic masses.

Ancient Earth

Refers to the geological and biological conditions of Earth in its early history, millions to billions of years ago.

Ancient Water

Refers to water that has been trapped in geological formations for thousands or even millions of years, often undisturbed by modern pollution.

Arctic and Antarctic Ice

Frozen water in the polar regions of the Earth, including sea ice, ice sheets, and glaciers, playing crucial roles in global climate regulation.