Which of the Following Statements Regarding Income Sourcing Is Not

question 148

Multiple Choice

Which of the following statements regarding income sourcing is not correct?

• A)U.S.persons benefit from earning low-tax foreign-source income.
• B)Foreign persons generally benefit from avoiding U.S.-source income classification.
• C)U.S.persons are not concerned with source of income because all their income is subject to U.S.tax under a worldwide system.
• D)Foreign persons may be subject to tax on U.S.-source income without regard to their actual presence in the United States.

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Definitions:

Codominance

An outcome in which a trait that is determined by two alleles is different from the trait produced by either of the contributing alleles alone.

Recessive Trait

A genetic feature or condition that is expressed in an organism only when two copies of the gene are present, often masked by the presence of a dominant allele when only one copy is present.

Homozygous Genotype

An organism's genetic makeup consisting of two identical alleles for a particular trait.

Heterozygous

Having inherited two genes of different allelic forms for a trait.