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:

Face To Face

Face to face describes direct interaction or conversation between people, physically present in the same location.

Equity Theory

Proposes that an intimate relationship is satisfying and stable if both partners see it as equitable and mutually beneficial.

Intimate Relationship

A close and personal relationship characterized by emotional, physical, and/or sexual intimacy between individuals.

Mutually Beneficial

A situation or relationship in which all parties involved gain benefits.