Which of the following taxes is eligible for the foreign tax credit?

A. Income tax assessed by a local government within a foreign country.
B. Property taxes paid to a foreign country on the value of property owned in that country.
C. Value-added taxes assessed on the value of inventory manufactured in a foreign country.
D. Sales tax assessed on the purchase of consumer goods in a foreign country.


Answer: A

Business

You might also like to view...

By 2020, it is estimated that advertisers will be spending which of the following amounts on mobile marketing?

A. $11.3 million B. $113 million C. $11.3 billion D. $113 billion

Business

In the context of implied agreements established by circumstantial evidence, which of the following are the two major problems that courts have to deal with that violate the Sherman Act?

A) intra-enterprise conspiracy and restraint of trade B) intra-enterprise conspiracy and conscious parallelism C) class action suits and restraint of trade D) class action suits and conscious parallelism

Business

A publicly held corporation is any corporation whose shares are publicly traded in a securities market

Indicate whether the statement is true or false

Business

______ can encourage us to endure in the face of hardship, such as physical disability or an economic setback.

A. Courage B. Integrity C. Roles D. Temperance

Business