A Deemed Paid Credit Is Available on Which of the Following

question 11

Multiple Choice

A deemed paid credit is available on which of the following dividends received by a U.S. corporation?

• 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) Both dividend received from a 20 percent owned foreign corporation, all of the income of which is derived from an active business and dividend received from a 100 percent owned foreign corporation, all of the income of which is derived from an active business are correct answers.

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Definitions:

Bargain Collectively

The process by which employees negotiate contracts regarding wages, hours, and other terms of employment through their representatives.

Title VII

Refers to Title VII of the Civil Rights Act of 1964, which prohibits employment discrimination based on race, color, religion, sex, or national origin.

1964 Civil Rights Act

Landmark legislation in the United States that outlawed discrimination based on race, color, religion, sex, or national origin.

Disparate Impact

A legal theory under civil rights laws that practices may have discriminatory effects, even if not intentionally discriminatory.