Which of the following is a principle used in applying income sourcing under U.S.rules?

Question

Quizplus · Accepted Answer

The principle used in applying income sourcing under U.S. rules is the location of economic activity. This means that the source of income is determined by where the activity generating the income takes place. This is in accordance with the territorial system followed by the U.S. tax laws, where income earned outside the U.S. is not taxed unless it is sourced in the U.S.

Which of the Following Is a Principle Used in Applying