Identify Which of the Following Statements Is False

question 71

Multiple Choice

Identify which of the following statements is false.

• A)A conduit approach-that is, the income has the same character in the hands of the beneficiary as it has to the trust-governs for fiduciary income taxation.
• B)Essentially, an estate or trust is taxed on any income it earns, whether retained or distributed.
• C)Many of the same rules that determine the calculation of taxable income for individuals apply to trusts.
• D)Trusts receive a personal exemption.

---

Definitions:

Symptoms

Signs or manifestations of an illness or condition, often used to diagnose and treat diseases.

Autism

A developmental disorder characterized by difficulties in social interaction and communication, along with restricted and repetitive patterns of behavior or interests.

Dimensional Approach

A method of understanding psychiatric disorders along a continuum rather than as categorical, distinct types.

Asperger's Syndrome

A developmental disorder characterized by difficulties in social interaction and nonverbal communication, along with restricted and repetitive patterns of behavior and interests.