Identify Which of the Following Statements Is False

question 45

Multiple Choice

Identify which of the following statements is false.

• A) The personal exemption for a trust provides a tax savings when some income is allocated to principal.
• B) A complex trust must distribute all its income annually.
• C) Distributable net income (DNI) sets the ceiling on the amount of distributions taxed to the beneficiaries.
• D) The beneficiaries of a simple trust are taxed on their share of DNI irrespective of the amount they receive.

Recognize the key competencies necessary for employee effectiveness across all levels.

Interpret the role of vision and values in inspiring organizational leadership.

Describe the importance and components of ethical behavior in organizations.

Grasp the concept of organizational behavior and its impact on business operations.