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.