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:

Redundant Phrases

Expressions or terms in which words are unnecessarily repeated, often leading to inelegant or inefficient communication.

Proofreading

The process of reviewing and correcting written material to ensure accuracy, coherence, readability, and correctness in grammar, spelling, and punctuation.

Redundant

Something that is no longer needed or useful, often because it duplicates something else.

Due to the Fact That

A phrase used to introduce a reason or explanation for something, equivalent to "because."