The Following Income of a Foreign Corporation Is Not Subject

Multiple Choice

The following income of a foreign corporation is not subject to the regular U.S. corporate income tax rates.

A) FIRPTA gains.
B) Capital gains effectively connected with a U.S. trade or business.
C) Net long-term capital gains for which no U.S. trade or business exists.
D) Interest income effectively connected with a U.S. trade or business.