Without the Foreign Tax Credit, Double Taxation Would Result When

question 68

Multiple Choice

Without the foreign tax credit, double taxation would result when:

• A) The United States taxes the U.S.-source income of a U.S. resident.
• B) A foreign country taxes the foreign-source income of a nonresident alien.
• C) The United States and a foreign country both tax the foreign-source income of a U.S. resident.
• D) Terms of a tax treaty assign income taxing rights to the U.S.