Match the Definition with the Correct Term

question 15

Short Answer

Match the definition with the correct term.
a. Expatriate
b. Resident
c. Nonresident alien
d. U.S. trade or business
e. Branch profits tax
f. Effectively connected income
-Rule that requires determination of the dividend equivalent amount.

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Definitions:

Revenue

The sum of revenue resulting from the sales of products or services that are central to a company's main business activities.

Comparative Advantage

Comparative advantage refers to the ability of a country to produce a certain good more efficiently and at a lower opportunity cost than another country.

Absolute Advantage

The capacity of a nation, person, or company to generate a greater quantity of a product or service than its rivals with an identical level of resources.

Trade

The exchange of goods, services, or both between parties, often involving the transfer of money.