All of an NRA's U

question 33

True/False

All of an NRA's U.S.-source income that is not effectively connected with a U.S. trade or business is subject to a flat U.S. income tax rate of 30%, unless the tax rate is modified by a treaty.

---

Definitions:

Tacit Collusion

An unspoken, illegal agreement among competitors to avoid competing directly, often leading to higher prices.

Explicit Collusion

An overt agreement among firms within an industry to fix prices, limit production, or engage in other anticompetitive practices.

Tit-For-Tat

A strategy in game theory where a participant replicates an opponent's previous action, whether cooperative or competitive.

Strategy

A plan of action designed to achieve a long-term or overall aim, often used in various contexts like business, gaming, military, and personal planning.