For Each of the Following Independent Statements, Choose the Best

question 27

Multiple Choice

For each of the following independent statements, choose the best answer.
-A decedent created the entity.

• A)Tax attribute of complex trusts only
• B)Tax attribute of estates only
• C)Tax attribute of estates and complex trusts
• D)Tax attribute of neither estates nor complex trusts

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Definitions:

Redemptioners

Immigrants, particularly in the 18th and 19th centuries, who signed contracts to work in America for a period in exchange for their passage being paid.

Cadwallader Colden

An 18th-century Scottish physician, scientist, and lieutenant governor of New York known for his work in botany and colonial administration.

Junto

A political or literary club or group, especially one formed for mutual improvement or the exchange of ideas.

Task Labor System

A system of labor, typically associated with slavery in the American South, where slaves were assigned specific tasks to complete each day, as opposed to working from sunrise to sunset.