Which of the Following Foreign Taxes Are Not Creditable for U.S.tax

question 43

Multiple Choice

Which of the following foreign taxes are not creditable for U.S.tax purposes?

• A) Direct taxes paid by a U.S. corporation on income earned in a foreign branch.
• B) Deemed paid taxes on a dividend received by a U.S. corporation from its 100 percent owned foreign subsidiary.
• C) Withholding taxes imposed on a dividend received by a U.S. corporation from its 100 percent owned foreign subsidiary.
• D) All of these taxes are creditable.

---

Definitions:

Genitalia

The external and internal sex organs that are involved in the reproductive process.

Fuse

is a device designed to interrupt the flow of electrical current when an overload occurs, ensuring safety.

Chromosome

A structure found in the nucleus of a cell, made from DNA and proteins, containing genetic information.

Intersex

A term that refers to individuals who are born with genitalia, chromosomes, and/or reproductive organs that do not fit typical binary notions of male or female bodies.