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Fixed, determinable, annual, or periodical (FDAP) income from U.S. sources is generally taxed at a rate of 30% through mandatory withholding if the income A.
Fixed, determinable, annual, or periodical (FDAP) income from U.S. sources is generally taxed at a rate of 30% through mandatory withholding if the income A. Meets the "asset use" test. B. Is not effectively connected with the conduct of a U.S. trade or business. C. Is received by a foreign corporation. D. Is from the domestic sale of inventory purchased for resale.
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