Question

Which of the following are sources of​ income-based payments that domestic residents make to​ foreigners? ​(Check all that apply.​)
a. People in Oregon send money to help cyclone victims in Bangladesh.
b. Upper A resident of Maryland buys a car produced by Toyota in Japan.
c. Apple corporation pays a stock dividend to a resident of India.
d. Upper A foreign exchange student from Paris comma France comma sends wine and cheese to her host family in Columbus comma Ohio.
e. Orange Telecom comma a French company comma pays a stock dividend to a resident of Kansas City. Which of the following are ways that domestic residents can receive​ income-based payments from​ foreigners?

Answer 1

Answer:

options (b),(c) and (e).

Explanation:

Okay let us take the options one after the other;

(a). People in Oregon send money to help cyclone victims in Bangladesh: this is WRONG because the question asked us to identify an INCOME-BASED payment and it is not.

(b). A resident of Maryland buys a car produced by Toyota in Japan: this is CORRECT. The person making the payment is a US resident making payment to a Japanese firm.

(c). Apple corporation pays a stock dividend to a resident of India: This is also CORRECT because Apple is a US based company making payment to Indian(a foreigner).

(d). A foreign exchange student from Paris comma France comma sends wine and cheese to her host family in Columbus comma Ohio : this WRONG because the student is also a foreigner.

(e). Orange Telecom comma a French company comma pays a stock dividend to a resident of Kansas City: this is CORRECT. Orange Telecom is a France company paying income to a foreigner (a U.S resident).