Controlled Foreign Corporations (CFC) Will Not Be Taxed on Their

question 61

Multiple Choice

Controlled foreign corporations (CFC) will not be taxed on their foreign income currently if:

• A) the foreign tax rate is less than 90% of the U.S. corporate income tax rate.
• B) Subpart F income is less than 70% of the CFC's total income.
• C) Subpart F income is less than 5% of the CFC's total income.
• D) None of the above