Which of the Following Exceptions Could Cause Subpart F Income

question 59

Multiple Choice

Which of the following exceptions could cause subpart F income to be excluded from the deemed dividend regime?

• A) The full inclusion rule
• B) The de minimis rule
• C) The high tax rule
• D) Both the de minimis rule and the high tax rule could cause subpart F income to be excluded from the deemed dividend regime.

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Definitions:

Surpluses

Situations in which the quantity of a good or service supplied exceeds the quantity demanded at the current price.

Rubles

The official currency of Russia, symbolized as RUB, used for all financial transactions within the country.

Depreciation

A fall in the price of a nation’s currency relative to foreign currencies.

Depreciation

The process of allocating the cost of a tangible or physical asset over its useful life, reflecting wear and tear or obsolescence.