Which of the Following Foreign Taxes Are Not Creditable for U.S.tax

question 43

Multiple Choice

Which of the following foreign taxes are not creditable for U.S.tax purposes?

• A) Direct taxes paid by a U.S. corporation on income earned in a foreign branch.
• B) Deemed paid taxes on a dividend received by a U.S. corporation from its 100 percent owned foreign subsidiary.
• C) Withholding taxes imposed on a dividend received by a U.S. corporation from its 100 percent owned foreign subsidiary.
• D) All of these taxes are creditable.

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Definitions:

MMPI

The Minnesota Multiphasic Personality Inventory, a standardized psychometric test of adult personality and psychopathology.

Projective Test

A type of personality test in which the individual's responses to ambiguous stimuli are analyzed to uncover underlying thoughts, feelings, and traits.

Validity Scales

Measures used in psychological testing to assess the truthfulness or accuracy of the responses given by participants.

Personality

A distinctive and relatively stable pattern of behavior, thoughts, motives, and emotions that characterizes an individual.