The Following Income of a Foreign Corporation Is Not Subject

question 109

Multiple Choice

The following income of a foreign corporation is not subject to the regular U.S. corporate income tax rates.

• A) Capital gains effectively connected with a U.S. trade or business.
• B) FIRPTA gains.
• C) Fixed, determinable, annual or periodic income effectively connected with a U.S. trade or business.
• D) Income from sale of inventory where title passes in the United States, but no U.S. trade or business exists.

---

Definitions:

Webpages

Documents or resources on the internet that are accessible through a web browser.

JavaScript

A dynamic, object-oriented programming language widely used in web development to create interactive effects within web browsers.

Required Fields

Form fields that must be filled out by the user; they are essential for the form's completion or submission.

Forms

Structured documents with spaces reserved for entering information, often used for applications, surveys, or data entry.