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Author Question: Subpart F income is ________. A) usually earned by a branch rather than a corporation B) not ... (Read 154 times)

Zulu123

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Subpart F income is ________.
 
  A) usually earned by a branch rather than a corporation
  B) not taxed to the parent unless a dividend is remitted
  C) not eligible for the tax credit
  D) passive and usually derived from operations in a tax-haven country

Question 2

According to U.S. tax law, if a foreign subsidiary earns income, ________.
 
  A) its income is immediately taxable to the parent, irrespective of the type of income earned
  B) that income is not taxable to the parent company as long as the subsidiary pays income taxes in the country where it is earned
  C) passive income is taxable to the parent unless the parent company is a controlled foreign corporation
  D) active income is taxable to the parent when it is remitted as a dividend

Question 3

Which of the following is most likely a characteristic of a partly free country, such as Guatemala, Kenya, or Malaysia?
 
  A) strict religious constraints
  B) fair election procedures
  C) respect for civil liberties
  D) weak rule of law


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wtf444

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Zulu123

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Reply 2 on: Jul 7, 2018
YES! Correct, THANKS for helping me on my review


kjohnson

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

 

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