For Each of the Following Items, Insert the Best Term

question 96

Multiple Choice

For each of the following items, insert the best term or phrase. An answer choice may be used more than once, but only one choice is the best for each descriptive phrase.
-A trust whose income is taxed to the donor, not the beneficiaries.

• A)Complex
• B)Decedent
• C)Executor
• D)Grantor
• E)Administrator
• F)Reversionary
• G)Simple
• H)Sprinkling
• I)Trustee

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Definitions:

Career

The pursuit of a lifelong ambition or the general course of progression towards lifelong goals.

Equally Likely

A term used in probability to describe events that have the same chance of occurring.

Probability

A numerical value representing the chance of an event's occurrence, between 0 and 1, where 0 stands for impossible and 1 for certain.

Ace of Spades

A specific playing card in a deck, often considered the highest card in the suit of spades and sometimes associated with special significance.