For Each of the Following Independent Statements, Choose the Best

question 94

Multiple Choice

For each of the following independent statements, choose the best answer.
-The entity must file an income tax return if its gross income for the year is $600 or more.

• A)Tax attribute of complex trusts only
• B)Tax attribute of estates only
• C)Tax attribute of estates and complex trusts
• D)Tax attribute of neither estates nor complex trusts

---

Definitions:

Ethical Behavior

Conducting oneself in accordance with moral principles, societal norms, and professional standards of conduct.

Flexibility

The ability of an individual or organization to adapt to changes and adjust strategies or operations in response to evolving circumstances or opportunities.

Creating Schedule

The process of planning activities or tasks with assigned times for completion or occurrence.

Reducing Marketing Costs

Involves strategies and practices aimed at lowering expenses associated with promoting and selling products or services, enhancing overall efficiency and profitability.