Foreign Source Income That Is Derived from the Active Conduct

question 34

Multiple Choice

Foreign source income that is derived from the active conduct of a trade or business and therefore subject to U.S.taxation is known as ________.

• A)passive income
• B)active income
• C)uncontrollable foreign corporation income
• D)tax haven income

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Definitions:

Avoidable Social Causes

Avoidable social causes are factors within society that can be prevented or altered through changes in policies, practices, or awareness, to reduce negative outcomes.

Americans

Residents or citizens of the United States, often characterized by a diverse set of cultural, ethnic, and political backgrounds.

Years

Units of time equal to 365 days (or 366 days in a leap year), used to measure the passage of time.

Black Plague

A devastating global epidemic of bubonic plague that struck Europe and Asia in the mid-14th century, killing millions.