Business, 14.04.2020 16:33 emokitten

An individual owns 1,000 shares of common stock in a foreign corporation. The corporation declares a dividend on their common of $0.25 per share. Prior to paying the individual the dividend, the corporation withheld 15%. For taxation purposes under U. S. law, what should this individual report?
(A) The individual does not have to report any dividend due to exemptions.
(B) * The individual must report the whole dividend and may file for a foreign tax credit of $37.50.
(C) The individual should report only the amount received after the 15% is withheld, or $212.50.
(D) The individual should report the entire dividend of $250

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An individual owns 1,000 shares of common stock in a foreign corporation. The corporation declares a...

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