Camille, a citizen and resident of Country A, received a $1,000 dividend from a corporation organized in Country B.

Which statement best describes the taxation of this income under the two different approaches to taxing foreign income?

• Country B will not tax this income under either a residence-based jurisdiction approach or a source-based jurisdiction approach.
• Country B will tax this income under a residence-based jurisdiction approach but will not tax this income under a source-based jurisdiction approach.
• Country B will tax this income under both a residence-based jurisdiction approach and a source-based jurisdiction approach.
• Country B will not tax this income under a residence-based jurisdiction approach but will tax this income under a source-based jurisdiction approach.