The Code Defines a "Simple Trust" as Which of the Following

question 100

Multiple Choice

The Code defines a "simple trust" as which of the following?

• A) One which is allowed to file Form 1041-EZ.
• B) One which has only one income beneficiary.
• C) One whose grantor was an individual who still is alive.
• D) One which must distribute its accounting income every year.

---

Definitions:

Cooperative Option

An alternative in decision-making that emphasizes collaboration and mutual benefit, rather than competition or conflict.

Social Dilemma

A situation in which individual rationality leads to collective irrationality, often resulting in negative outcomes for all participants.

Dual-Concern Model

A conflict resolution framework that assesses individuals' concern for their own outcomes and the outcomes of others.

Communicating Displeasure

The act of expressing dissatisfaction, unhappiness, or disappointment, typically in response to a specific situation or behavior.