To Lessen or Eliminate the Effect of Multiple Taxation, a Taxpayer

question 158

True/False

To lessen or eliminate the effect of multiple taxation, a taxpayer who is subject to both foreign and U.S.income taxes on the same income is allowed either a deduction or a credit for the foreign tax paid.

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Definitions:

Calls Per Day

The average number of telephone calls made or received by a person or organization within a single day.

Squaring

The mathematical operation of multiplying a number by itself, resulting in a square power.

Airings

The number of times a television show, advertisement, or other media content is broadcast.

Life Expectancies

The average period that an individual is expected to live, based on current mortality and health trends.