Question: Which statement best describes the U . S . framework for taxing non - U . S . persons on income earned from U .

Which statement best describes the U

.

.

framework for taxing non

-

.

.

persons on income earned from U

.

.

sources?

Multiple Choice

Income that is characterized as effectively connected income is subject to a withholding tax applied to gross income while income that is characterized as fixed and determinable, annual or periodic income is subject to net taxation.

Income that is characterized as effectively connected income is subject to net taxation while income that is characterized as fixed and determinable, annual or periodic income is subject to a withholding tax applied to gross income.

All U

.

.

source income is subject to net taxation, regardless of whether it is characterized as effectively connected or as fixed and determinable, annual or periodic income.

All U

.

.

source income is subject to a withholding tax applied to gross income, regardless of whether it is characterized as effectively connected or as fixed and determinable, annual or periodic income.

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