Identify which of the following statements is false.
A) Earned income is excludable from gross income only if it is foreign-source income.
B) Taxable pensions and annuities are excluded from the definition of earned income when computing the foreign-earned income exclusion.
C) An individual meets the bona fide resident test by establishing a home in a foreign country for 330 days.
D) All of the above are false.
C) An individual meets the bona fide resident test by establishing a home in a foreign country for 330 days.
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The effect of recording depreciation for the year is a(n)
a. decrease in assets and a decrease in net income. b. decrease in assets but no change in owners' equity. c. increase in assets and an increase in net income. d. decrease in net income and no change in assets.
Cash payments made on accounts payable or accrued liabilities are considered repayments of loans and are classified as financing activities on the statement of cash flows
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
According to signalling theory, firms have an economic incentive to report bad news.
You can expect to spend most of your time in an organization sending which type of messages?
A. dialogue B. technical dialogue C. monologue D. none of these