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:

Mass Education

The provision of education to large numbers of people, typically through public schooling systems, aiming at universal literacy and education.

Immigration

The action of coming to live permanently in a foreign country.

Conflict Theorist

A sociologist who views social life as a competition, and society's inequalities as the source of conflict and social change.

High Tuition Rates

The increasing cost of attending educational institutions, making access to higher education more difficult for many individuals.