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:

Psychoanalytic Theory

A theory of personality and therapeutic technique that attributes thoughts and actions to unconscious motives and conflicts, developed by Sigmund Freud.

Object-relations School

A psychoanalytic theory focusing on relationships with others and the external and internal objects people form attachments to, shaping personality.

Rigid Boundaries

Strict limits set in relationships or systems that are difficult to adjust or cross.

Heritability

A statistical estimate of the proportion of observed variation in a particular trait among individuals in a population that is due to genetic differences.