What Are Products That Are Created Abroad and Then Transported

question 6

Multiple Choice

What are products that are created abroad and then transported and sold domestically?

• A) Dumped goods
• B) Exports
• C) Imports
• D) Buy backs
• E) Domestic goods

---

Definitions:

Tax Liability

The total amount of tax that an individual or entity is legally obligated to pay to a taxing authority.

Remaining Tax

The portion of tax liability that remains unpaid after all payments and credits have been applied, effectively the balance due.

Multiple Support Agreement

An agreement that allows multiple taxpayers who support a dependent together to decide who among them gets to claim the tax benefits for that dependent.

Dependent

An individual, usually a child or spouse, who relies on another, often the taxpayer, for financial support and for whom exemptions may be claimed.