Which of the Following Statements Best Describes the Primary Purpose

question 25

Multiple Choice

Which of the following statements best describes the primary purpose of the Subpart F income provisions?

• A)The Subpart F income provisions provide certainty as to the U.S.income tax treatment of cross-border transactions.
• B)The Subpart F income provisions allow deferral of foreign-source income from U.S.taxation.
• C)The Subpart F income provisions prevent shifting of income from the United States to low-tax foreign jurisdictions.
• D)The Subpart F income provisions prevent shifting of income from the United States to high-tax foreign jurisdictions.

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Definitions:

Wireless Communication

The transfer of information or power between two or more points that are not connected by an electrical conductor, using electromagnetic waves.

Airplane Mode

Enables users to disable all wireless communication but still view a movie or play a game that does not require Internet connectivity.

Geotracking

The ability to track where a GPS-capable mobile device, such as a cell phone, is located. Companies can also use geotracking to locate lost or stolen mobile devices.

Mobile Device Email

The use of email services and applications on mobile devices, allowing users to send, receive, and manage their emails while on the go.