Under an Express Trust,the Beneficiary Is Able to Exercise Discretion

question 28

True/False

Under an express trust,the beneficiary is able to exercise discretion as to who should benefit and how much they should get.

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Definitions:

Effective Income Tax Rate

The average percentage of their pre-tax income that individuals or corporations pay in taxes.

Economic Changes

Variations or shifts in the economic environment that can affect the performance and strategies of businesses.

Effective Income Tax Rate

The average percentage of their total income that individuals or corporations pay in taxes, reflecting the actual rate of taxation rather than the nominal tax rate.

Statutory Income Tax Rate

The prescribed rate by law that a company or individual pays on income, differing by country and sometimes by income level or source.