Which of the Following Is Incorrect Regarding Nondomiciliary Businesses

question 115

Multiple Choice

Which of the following is incorrect regarding nondomiciliary businesses?

• A) Subject to tax only where nexus exists.
• B) A business cannot be nondomiciliary where headquartered.
• C) A business can be nondomiciliary in only one jurisdiction.
• D) Subject to tax only where a sufficient connection exists.

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Definitions:

Limited Period

A specific duration of time that has definite beginning and ending points.

Standard Of Care

The level of care and service provided by healthcare professionals that is considered acceptable and appropriate by peer professional judgment.

Professional Liability

The legal obligation of professionals to compensate for wrongful practices resulting in bodily harm or property damage.

Due Care

The effort made by an individual to avoid harm to another party, as would be expected of a reasonable person under similar circumstances.