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.

---

Definitions:

Recovered Documents

Files that have been restored after being lost or deleted, often through automatic saving features or data recovery tools.

Glow Effect

A visual effect applied to graphics or text that creates a halo or aura of light, often used to highlight or draw attention.

WordArt Text Effect

A feature in Microsoft Office applications that allows for the creation of decorative text effects, such as transforming text into graphic objects with special formatting and styles.

Column Spacing

The distance or gap between columns in a page layout or document, affecting readability and aesthetic appeal.