Erica is a citizen of a foreign country and is employed by

Assignment Help Accounting Basics
Reference no: EM13591290

Erica is a citizen of a foreign country, and is employed by a foreign-based computer manufacturer. Erica's job is to provide technical assistance to customers who purchase the company's mainframe computers. Many of Erica's customers are located in the United States. As a consequence, Erica consistently spends about 100 working days per year in the United States. In addition, Erica spends about 20 vacation days per year in Las Vegas, since she loves to gamble and also enjoys the desert climate. Erica does not possess a green card. Assume that the United States has entered into an income tax treaty with Erica's home country that is identical to the United States Model Income Tax Convention of November 15, 2006.

How does the United States tax Erica's activities? How would your answer change if Erica were a self-employed technician rather than an employee?

Reference no: EM13591290

Questions Cloud

A corporation purchases 10000 shares of its own 10 par : a corporation purchases 10000 shares of its own 10 par common stock for 35 per share recording it at cost. what will be
Finco is a wholly owned finnish manufacturing subsidiary of : finco is a wholly owned finnish manufacturing subsidiary of winco a domestic corporation that manufactures and markets
Dots sells t-shirts 2 and shorts 4 in april total sales : dots sells t-shirts 2 and shorts 4. in april total sales were 600. people bought 4 times as many t-shirts as shorts.
Location a is 280 m to the right of a point charge q : question location a is 2.80 m to the right of a point charge q. location b lies on the same line and is 4.00 m to the
Erica is a citizen of a foreign country and is employed by : erica is a citizen of a foreign country and is employed by a foreign-based computer manufacturer. ericas job is to
A student plays two notes on the piano keyboard : a student plays two notes on the piano keyboard simultaneously. the white key has a frequency of 352 hz and the black
Jack green established the jackson trust by a gift in 1999 : jack green established the jackson trust by a gift in 1999. the trust instrument requires that the trustee fifth-fourth
Harrell company reported net income of 320000 for the : 1 patrick corporation is authorized to issue 1000000 shares of 1 par value common stock. during 2010 the company has
He has his payroll check electronically deposited to his : kameron gibsons bank statement showed a balance of 717.72. kamerons checkbook had a balance of 209.50. check no. 104

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd