Trusts That Can Own S Corporation Stock Include All of the Following

question 25

Multiple Choice

Trusts that can own S corporation stock include all of the following except

• A)charitable remainder unitrusts.
• B)QSSTs.
• C)grantor trusts.
• D)testamentary trusts.

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Definitions:

Hierarchical Social Classes

A system of social stratification where individuals are grouped in a ranked order from the highest to the lowest in terms of factors like wealth, status, and power.

Intergenerational Mobility

The changes in social status that occur from one generation to the next within a family or kinship group, often measured in terms of income or educational achievement.

Intragenerational Mobility

Intragenerational mobility refers to the changes in social status that occur within a person's lifetime, highlighting how individuals can move up or down the social hierarchy through their own efforts or circumstances.

Classism

An ideology that suggests that people’s relative worth is at least partly determined by their social and economic status.