The Code Defines a Simple Trust as Which of the Following

question 105

Multiple Choice

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

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

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Definitions:

Muscle Stimulants

Substances or drugs that increase muscle activity, strength, or tone.

Povidone-Iodine

An antiseptic used for skin disinfection before and after surgery, and for treating and preventing infections in wounds.

Chlorhexidine

An antiseptic and disinfectant agent used in various products to reduce bacterial counts on the skin and in the mouth.

Puncture Wound

A deep wound caused by a sharp object penetrating the skin, potentially leading to infection or other complications.