Some of the States Use, in Determining Whether an Out-Of-State

question 69

Multiple Choice

Some of the states use, in determining whether an out-of-state entity has income tax nexus:

• A) A factor-presence test.
• B) An economic presence test.
• C) Both a. and b are used by certain states.
• D) Neither a. nor b is used by the states.

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Definitions:

Community College

A public institution providing higher education and tertiary education, offering certificates, diplomas, and associate degrees.

Multilateral Aid

Financial assistance provided by multiple countries or international institutions to support development projects in developing nations.

Nonprofit Organization

An entity that operates for the public or social benefit, rather than for the profit of its owners or shareholders.

Foreign Aid

Money and programs provided by governments, NGOs, or corporations to help alleviate poverty.