Every Simple Trust Is Allowed a $ Personal Exemption

question 35

Short Answer

Every simple trust is allowed a $ personal exemption.

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Definitions:

American Liberty

The set of freedoms and rights considered to be a fundamental attribute of the United States, including freedom of speech, religion, and the pursuit of happiness.

Platt Amendment

was a 1901 amendment to the Cuban Constitution that allowed the United States to intervene in Cuba's affairs and also established a permanent American naval base in Guantanamo Bay.

Vocational Training

Education that prepares individuals for specific trades, crafts, and careers at various levels from a trade, a craft, technician, or a professional position.

American Expansionism

The policy or practice of the United States in extending its territory through acquiring land or exerting influence, evident in the 19th and early 20th centuries.