Module 7: End of Module Quiz
With Module 7 coming to a close, now is the time to test you to ensure you are making the progress we expect at this point in time.
We will ask you a series of questions that will be related to the information you have learnt so far in the topics we have covered.
This quiz will summarise the topics we have gone over in Module 1. To complete this quiz and move on to Module 2, you must get at least 75% correct.
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What type of entities were most often set up by U.S. persons trying to avoid income tax by hiding assets outside of the U.S.?CorrectIncorrect
If a payment is subject to both chapter 3 and chapter 4, what is the maximum rate of withholding that will apply?CorrectIncorrect
Ideally, when should the withholding agent or FFI collect a Form W-8 or self-certification from an account holder?CorrectIncorrect
Which of the following forms cannot be used for Chapter 4 purposes?CorrectIncorrect
What should a Reporting Model 1 FFI provide to a withholding agent to document its Chapter 4 status if it is the beneficial owner of the income?CorrectIncorrect