Which of the Following Accurately Describes One of the Rules

question 1

Multiple Choice

Which of the following accurately describes one of the rules pertaining to inter vivos trusts?

• A)Inter vivos trusts may use the graduated tax rate scale.
• B)Inter vivos trusts are allowed the $40,000 exemption in the alternative minimum tax calculation.
• C)Inter vivos trusts can deduct personal tax credits.
• D)Inter vivos trusts are required to remit quarterly tax instalments.

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Definitions:

Process

A series of actions or steps taken in order to achieve a particular end.

Maximal

Pertaining to the highest or greatest possible amount or degree.

Root

The basic cause, source, or origin of something or the fundamental part of a word to which affixes can be added.

Maxim

A concise statement expressing a general truth or rule of conduct.