Identify Which of the Following Statements Is True

question 59

Multiple Choice

Identify which of the following statements is true.

• A)All trusts and estates must use a calendar year-end.
• B)All estates with gross income of at least $500 must file an income tax return.
• C)Trusts are required to make estimated tax payments.
• D)All of the above are false.

---

Definitions:

Glass

A hard, brittle substance typically transparent or translucent, made by fusing sand with soda, lime, and sometimes other ingredients and cooling it quickly.

Conscious Decision

A choice or resolution made with full awareness and intention, involving deliberate thought and consideration.

Unconscious Decision

A decision made by the mind without one's conscious awareness, often influenced by deep-seated desires or conditioning.

Satisfying

Referring to something that fulfills expectations, needs, or desires adequately.