Identify Which of the Following Statements Is True

question 59

Multiple Choice

Identify which of the following statements is true.

• A)All trusts and estates must use a calendar year-end.
• B)All estates with gross income of at least $500 must file an income tax return.
• C)Trusts are required to make estimated tax payments.
• D)All of the above are false.

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Definitions:

Effective Revision

The process of reviewing and amending a document or text to improve its clarity, coherence, and overall presentation.

Credibility

The quality of being trusted and believed in, based on a reputation for honesty and reliability.

Redundant Expressions

Phrases or terms in which words repeat similar meanings, resulting in unnecessary repetition.

Cliche

An overused expression or idea that has lost its original impact or novelty due to excessive use.