Which of the Following Statements Is FALSE

question 8

Multiple Choice

Which of the following statements is FALSE?

• A)If the foreign tax rate exceeds the U.S.tax rate,companies must pay this higher rate on foreign earnings.
• B)U.S.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 U.S.tax rate,the company pays total taxes equal to the U.S.tax rate on its foreign earnings.
• D)A full tax credit is given for foreign taxes paid up to the amount of the U.S.tax liability.

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Definitions:

Demographically Dissimilar

Referring to populations that differ significantly in demographic characteristics such as age, gender, ethnicity, or socioeconomic status.

Minority Demographics

Refers to statistical data relating to the various smaller or less represented groups within a population, often based on characteristics like race, ethnicity, or sexual orientation.

Representative

Someone or something that serves as a typical example or is characteristic of a group, population, or set.

Unobtrusive Measures

Observations of people’s behavior without them being aware of such observation.