Identify Which of the Following Statements Is True

question 69

Multiple Choice

Identify which of the following statements is true.

• A)Under the grantor trust rules, a grantor may be taxed on all or a portion of the trust's income even though the income is distributed to the named beneficiary or someone else.
• B)An irrevocable trust cannot be a grantor trust.
• C)Large amounts of income can be shifted to children under the age of 18 through the use of trusts that make distributions, and the income will be taxed at the lower rates of the children.
• D)All of the above are false.

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Definitions:

Observing Public Behavior

The act of watching and analyzing the actions and interactions of individuals in public spaces to gather data for research purposes.

Beneficence

An ethical principle requiring that actions benefit others or contribute to their welfare.

Welfare

Refers to the health, happiness, and fortunes of a person or group, often considered in economic and social policies.

Duplicate Publications

The act of publishing the same data or research findings in more than one academic journal or publication, often considered unethical unless properly disclosed.