Which of the Following Items of Foreign Source Income Is

question 51

Multiple Choice

Which of the following items of foreign source income is classified as passive category income for foreign tax credit purposes?

• A) Dividend received from a 5 percent owned foreign corporation, all of the income of which is derived from an active business
• B) Dividend received from a 20 percent owned foreign corporation, all of the income of which is derived from an active business
• C) Dividend received from a 100 percent owned foreign corporation, all of the income of which is derived from an active business
• D) None of the dividends is classified as passive category income

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Definitions:

Bonding

The process of forming bonds of attachment between parent and child.

Second Stage of Childbirth

The phase during labor when the mother actively pushes to deliver the baby through the birth canal.

Postpartum Depression (PPD)

Severe, prolonged depression that afflicts 10–20% of women after delivery and that is characterized by sadness, apathy, and feelings of worthlessness.

Sudden Infant Death Syndrome

An unexplained event resulting in the death of an infant under one year of age, often during sleep.