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Libby, a citizen and resident of Country A, owns 100 shares of United Bank, a US corporation United pays a dividend of $100 per share.

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Libby, a citizen and resident of Country A, owns 100 shares of United Bank, a US corporation United pays a dividend of $100 per share. Which of the following statements is correct? United Bank will withhold US tax at a rate of 25 percent Libby will receive a check in the amount of $7,000 in payment of the dividend The dividend is considered foreign source income because Libby is a nonresident alion An increased withholding rate may apply if there is no tax treaty between Country A and the United States 52F Cloudly 6 2:22 PM 2/2022 O g W 0 to search DOLL

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