Which of the Following Statements Is True

question 6

Multiple Choice

Which of the following statements is true?

• A) .A nominee trust is a kind of trust used by movie stars who have been shortlisted for an Oscar.
• B) A custodian trust is used by people incarcerated in prison.
• C) A bare trust is used by bears.
• D) Nominee trusts can be used by a person seeking to conceal their ownership of property.

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Definitions:

Workplace Safety

Policies, practices, and regulations aimed at ensuring the physical and mental well-being of employees in their place of work.

Federal Unemployment Tax Act

A United States federal law that imposes a payroll tax on employers to fund state workforce agencies, who administer unemployment insurance and job training programs.

Unemployment Compensation

A state system, created by the Federal Unemployment Tax Act (FUTA), that provides unemployment compensation to qualified employees who lose their jobs.

Unemployment Insurance Fund

A governmental fund designed to provide financial assistance to unemployed workers, funded by contributions from employers and the government.