A Trust Receives No Standard Deduction When Computing Taxable Income

question 96

True/False

A trust receives no standard deduction when computing taxable income.

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Definitions:

Brain Function

The activities and processes that occur in the brain, enabling thought, behavior, movement, and emotion.

Illegal Drug

Any substance that is prohibited by law from being manufactured, possessed, or used due to its potential for abuse or addiction.

Withdrawal Symptoms

Physical or psychological symptoms that follow the abrupt cessation of a drug on which a person is dependent.

Alcoholism

A chronic disease characterized by uncontrolled drinking and preoccupation with alcohol, despite negative health, social, and legal consequences.