If a State Has Adopted the Revised Uniform Principal and Income

question 76

Multiple Choice

If a state has adopted the Revised Uniform Principal and Income Act, which of the following statements is correct?

• A)The state law definition of trust income will preempt any other definitions.
• B)The definition of trust income in the trust document will preempt all other definitions.
• C)Under state law, tax-exempt interest will not be allocated to income.
• D)The definition of principal in the trust document must classify capital gains as principal.

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Definitions:

Stanford Prison Study

A psychological experiment conducted in 1971 by Philip Zimbardo at Stanford University, exploring the effects of perceived power, focusing on the struggle between prisoners and prison officers.

Prisoners

Individuals who are confined within a prison or jail as a result of committing a crime.

The Big Lie

A propaganda technique, involving the repeated assertion of a significant falsehood with the goal of making people believe it is true.

Joseph Goebbels

A prominent Nazi official known for his role as Adolf Hitler's Propaganda Minister, instrumental in spreading the Nazi ideology.