Identify Which of the Following Statements Is True

question 33

Multiple Choice

Identify which of the following statements is true.

• A) Large amounts of income can be shifted to children under the age of 18 through the use of trusts that make distributions, and the income will be taxed at the lower rates of the children.
• B) Under the grantor trust rules, a grantor may be taxed on all or a portion of the trust's income even though the income is distributed to the named beneficiary or someone else.
• C) An irrevocable trust cannot be a grantor trust.
• D) All of the above are false.

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Definitions:

ISPs

Internet Service Providers, companies that offer consumers and businesses access to the Internet and related services.

Network Neutrality

The principle that internet service providers should enable access to all content and applications regardless of the source, and without favoring or blocking particular products or websites.

ISPs

Internet Service Providers, companies that provide individuals and organizations access to the Internet and related services.

Collaboration Center

An online platform or workspace that enables individuals and teams to work together, share resources, and communicate effectively regardless of location.