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:

Die

To cease to live or exist; the end of life.

Least Tragic

Pertains to the least sorrowful, dismal, or distressing situation in a set of unfavorable circumstances.

Cancer

A disease characterized by the uncontrolled division of abnormal cells in a part of the body.

Experience Of Widowhood

The emotional, social, and psychological journey undergone by an individual after the death of their spouse.