Examlex
This frequency table gives the distribution of ages of 100 people in a small town. How many people are:
-30 years of age or older but less than 40 years of age
Foreign Tax Credit
A tax credit that reduces the tax liability of an individual or entity for certain taxes paid to foreign governments.
Form 1116
A tax document used to claim foreign tax credit that reduces double taxation by the United States on income earned abroad.
Passive Income
Income earned from rental property, limited partnerships, or other enterprises in which a person is not actively involved.
Foreign Tax Credit
A nonrefundable tax credit for income taxes paid to a foreign government as a result of foreign income tax withholdings.
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