If a Taxpayer Chooses to Claim a Foreign Tax Credit

question 68

True/False

If a taxpayer chooses to claim a foreign tax credit, part of the foreign income taxes paid can also be claimed as a deduction.

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Definitions:

Cardiorespiratory Fitness

The ability of the heart, lungs, and vascular system to supply oxygen to working muscles during sustained physical activity.

Principle Of

A fundamental truth or proposition that serves as the foundation for a system of belief or behavior or for a chain of reasoning.

Health-Related Fitness

A state of physical well-being that includes muscular strength, endurance, flexibility, and a healthy body composition.

Cardiorespiratory Endurance

A measure of how well the heart, lungs, and muscles work together to keep your body active over an extended period.