What Is the Document Prepared by the Executor or Administrator

question 45

Multiple Choice

What is the document prepared by the executor or administrator to show accountability for estate property received and maintained or disbursed in accordance with the will?

• A)The Administrator/Executor's Fiduciary Report
• B)The charge-discharge statement
• C)The Administrator/Executor's Testamentary Report
• D)The Administrator/Executor's Principal/Income Report

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Definitions:

Tax Revenue

Government income obtained from taxation.

Payroll Tax

Duties levied on employees or the companies that employ them, computed as a percentage of the remuneration the employees are given.

Wages

The fixed regular payment, typically calculated on an hourly, daily, or piecework basis, made by an employer to an employee, especially to manual or unskilled workers.

Tax Burden

The total amount of tax paid by individuals or businesses, often expressed as a percentage of income or GDP.