Which of the Following Is the Only Required Coverage If

question 21

Multiple Choice

Which of the following is the only required coverage if you do not have a lien on your car?

• A) Liability coverage
• B) Medical payments to others
• C) Collision and comprehensive coverage
• D) None of the coverages are required.

---

Definitions:

Foreign Tax Credit

A tax credit that cannot be refunded for income taxes paid to an external government due to withholdings from foreign income tax.

Foreign Income Taxes

Taxes paid to a foreign government for income earned outside of the taxpayer's resident country.

U.S. Tax Liability

The total amount of tax owed to the United States government, including federal, state, and local taxes.

Foreign Tax Credit

A tax credit that reduces the tax liability of an individual or entity for certain taxes paid to foreign governments.