Match the Definition with the Correct Term

question 140

Short Answer

Match the definition with the correct term.
a.Foreign base company income
b.Foreign personal holding company income
c.U.S. shareholder
d.Previously taxed income
e.De minimis rule
f.Passive foreign investment company
-Income that tends to lack any true economic connection to the country of a CFC's organization.

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Definitions:

Rehabilitation Act

A federal law aimed at protecting the rights of individuals with disabilities, ensuring equal opportunities in employment and access to public services.

Executive Order

A directive issued by the head of a government, such as a president or governor, that has the force of law.

Executive Branch

The part of government responsible for implementing and enforcing laws, traditionally led by the president or prime minister.

Legislative Branch

The legislative branch is one of the three branches of government responsible for creating, amending, and ratifying laws.