11. Provide the tax that would be applied for each of the following: 1. Withhold

ID: 2403269 • Letter: 1

Question

11. Provide the tax that would be applied for each of the following:

1. Withholding tax on passive-type income (interest, dividends, etc..) for non-US investors with respect to US source income. _______________.

2. Tax imposed on a foreign corporation based on a deemed distribution of US branch operations____________________.

3. Withholding tax on US business income income that is effectively connected with a United States trade or business. ______________.

15. Identify the following as "ECI" (effectively connected income) or "Not ECI" (not effectively connected income) if earned by a foreign person:

________Rental income from an actively managed storage center in Florida

________ Interest income from loans to non-U.S. corporate borrowers.

________ A gain on the sale of a shopping center located in Bermuda.

All these are tax concepts needs tobe applied fo each situation

1)Income tax

2)Branch profits tax

3)withholding tax

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