Which of the Following Is a Separate Legal Entity That

question 7

Multiple Choice

Which of the following is a separate legal entity that holds assets in trust for a child until the child reaches age 21?

• A)Section 403(b).
• B)Section 529(a).
• C)Section 1185(b)Asset Trust.
• D)Section 2503(c)Minor's Trust.

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Definitions:

Percent

A part or other object per hundred, used in making comparisons or showing proportion.

CPI

The Consumer Price Index, a measure that examines the weighted average of prices of a basket of consumer goods and services, often used as an indicator of inflation.

Percent Increase

The ratio, expressed as a percentage, by which a quantity increases relative to its original value.

Net Income

The amount of money left after all expenses, including taxes and costs, are subtracted from total revenues.