A non us individuals green card remains in effect

  • Campbell University
  • ACCT 335
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  • jimmy0615
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Survey of Accounting
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Chapter 8 / Exercise E8-1
Survey of Accounting
Warren
Expert Verified
83. A non-U.S. individual’s “green card” remains in effect until:a. The individual discards it.b. The individual leaves the United Statesc. The individual remains outside the United States for two years. *d. The card has been revoked or the individual has abandoned lawful permanent residency in the U.S.
84. Which of the following would not prevent an alien without a “green card” from being classified as a U.S. resident for income tax purposes?
85. Shannon, a foreign person with a green card, spends the following days in the United States.2010360 days2011150 days201230 daysShannon’s residency status for 2012 is:
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Survey of Accounting
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Chapter 8 / Exercise E8-1
Survey of Accounting
Warren
Expert Verified
86. Lang, an NRA who was not a resident of a treaty country, receives taxable dividends of $50,000 from U.S. corporations. Lang does not conduct a U.S. trade or business. Lang’s dividends are taxed by the United States through withholding by the payor of:
87. Which of the following statements regarding foreign persons not engaged in a U.S. trade or business is true?a. Foreign persons are not subject to U.S. tax if not engaged in a U.S. trade or business.b. Foreign persons with any U.S.-source income are taxed on net investment income (after expenses).*c. Foreign persons are subject to potential withholding taxes on the gross amount of U.S.-source investment income.d. Foreign persons with only U.S.-source investment income are exempt from U.S. tax.e. None of the above statements are true.
88. The following income of a foreign corporation is not subject to the regular U.S. corporate income tax rates.

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