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  3. Study Set
    Taxation of Business Entities
  4. Exam
    Exam 13: The US Taxation of Multinational Transactions
  5. Question
    US Individuals and Corporations Are Eligible for a Deemed-Paid Credit
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US Individuals and Corporations Are Eligible for a Deemed-Paid Credit

Question 66

Question 66

True/False

U.S. individuals and corporations are eligible for a deemed-paid credit on dividends received from foreign corporations.
Only corporations owning 10 percent or more of a foreign corporation are eligible for the deemed paid credit.

Correct Answer:

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