According to U

question 64

Multiple Choice

According to U.S.tax law, if a foreign subsidiary earns income, ________.

• A)its income is immediately taxable to the parent, irrespective of the type of income earned
• B)that income is not taxable to the parent company as long as the subsidiary pays income taxes in the country where it is earned
• C)passive income is taxable to the parent unless the parent company is a controlled foreign corporation
• D)active income is taxable to the parent when it is remitted as a dividend

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Definitions:

European Immigrants

individuals who have moved from European countries to live permanently in a different country.

Decent Housing

Housing that meets a minimum standard of quality, safety, and affordability, ensuring a dignified living environment.

Pooling Resources

The act of combining financial, physical, or other types of assets from multiple sources or individuals for common use or benefit.

Divorce Rates

The proportion of marriages that end in divorce within a specific time period or demographic.