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, where no U.S.trade or business exists.
D) Fixed, determinable, annual or periodic (FDAP) income effectively connected with a U.S.trade or business.