Which of the Following Statements Is False

question 20

Multiple Choice

Which of the following statements is false?

• A) If the foreign tax rate exceeds the Canadian tax rate, companies must pay this higher rate on foreign earnings.
• B) Canadian tax policy allows companies to apply the part of the tax credit that is not used to offset domestic taxes owed, so this extra tax credit is not wasted.
• C) If the foreign tax rate is less than the Canadian tax rate, the company pays total taxes equal to the Canadian tax rate on its foreign earnings.
• D) A full tax credit is given for foreign taxes paid up to the amount of the Canadian tax liability.

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Definitions:

Customer Benefit Approach

A sales strategy that focuses on explaining how a product or service directly benefits the customer, addressing their needs or solving their problems.

Referral

The act of recommending a person or service to someone else, often used in sales and professional services to acquire new clients.

Curiosity

A strong desire to learn or know something, which can be a driving force in investigative behaviors, innovation, and learning.

Demonstration

A practical exhibition and explanation of how something works or is performed, often used to introduce a new product or service to potential customers.