The Code Defines a "Simple Trust" as Which of the Following

question 100

Multiple Choice

The Code defines a "simple trust" as which of the following?

• A) One which is allowed to file Form 1041-EZ.
• B) One which has only one income beneficiary.
• C) One whose grantor was an individual who still is alive.
• D) One which must distribute its accounting income every year.

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Definitions:

Power Theory

A sociological perspective that holds that societal power is distributed unequally and that this inequality affects every aspect of people's lives.

Marginal Surplus Population

A group of individuals deemed excess to the labor requirements of an economy, often resulting from industrial and technological advances.

Marxists

A social, political, and economic theory originating from the works of Karl Marx and Friedrich Engels, focusing on class struggle, the conflict between the bourgeoisie and the proletariat, and advocating for a classless society.

Economy

A system of production, distribution, and consumption of goods and services within a geographical area.