Identify Which of the Following Statements Is True

question 59

Multiple Choice

Identify which of the following statements is true.

• A)All trusts and estates must use a calendar year-end.
• B)All estates with gross income of at least $500 must file an income tax return.
• C)Trusts are required to make estimated tax payments.
• D)All of the above are false.

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Definitions:

Good Name

The reputation, credibility, or respect that an individual or organization has earned over time.

Reputation Orally

The perception of an individual's or entity's character and standing communicated through spoken word.

Immediate Physical Harm

Direct physical injury or damage that occurs without delay.

Assault

Any word or action intended to make another person fearful of immediate physical harm; a reasonably believable threat.