McGraw-Hill's Taxation of Individuals and Business Entities 3rd Edition by Brian Spilker, Benjamin Ayers, John Robinson, Edmund Outslay, Ronald Worsham, John Barrick, Connie Weaver

Exercise 64

Carol receives $500 of dividend income from Microsoft, Inc. a U..company.True or False.Absent any treaty provisions, Carol will be subject to U..tax on the dividend regardless of whether she is a resident or nonresident.Explain.