A Simple Trust

question 15

Multiple Choice

A simple trust

• A)may make charitable distributions.
• B)may make discretionary distributions of principal.
• C)may accumulate income.
• D)is required to distribute all of its income currently.

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Definitions:

Copper

A reddish-brown metal with high electrical and thermal conductivity, widely used in electrical wiring and in alloying.

Ionic Balance

The state of equilibrium in a system where the total charge of ions is balanced, crucial for various biological processes.

Sodium

A chemical element, symbol Na, that is a highly reactive metal and an essential component in the bodies of animals, important for nerve impulse transmission and fluid balance.

Chlorine

A chemical element with symbol Cl and atomic number 17, known for its disinfecting properties and used in the production of a wide array of products.