Identify Which of the Following Statements Is True

question 72

Multiple Choice

Identify which of the following statements is true.

• A)When a cash-basis taxpayer elects to take a credit for accrued foreign income taxes, certain other income and expense items must likewise be accrued.
• B)The taxpayer may revoke an election to exclude foreign-source earned income if a loss is incurred from foreign employment.
• C)A nonresident alien can elect to be considered a resident alien if the nonresident alien is married to a U.S. citizen or a resident alien sometime during the tax year and both spouses consent.
• D)All of the above are true.

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Definitions:

Appetite

A natural desire to satisfy a bodily need, particularly for food.

Myelination

The process of forming a myelin sheath around nerves to increase the speed at which impulses propagate.

Neural Impulses

Electrical signals that travel along the neurons, allowing communication between different parts of the body and the brain.

Specialization

The process of focusing on a narrow area of expertise or developing specific skills in a particular field or activity.