The Code Defines a "Simple Trust" as Which of the Following

question 92

Multiple Choice

The Code defines a "simple trust" as which of the following?

• A)One which is allowed to file Form 1041-EZ.
• B)One which has only one income beneficiary.
• C)One whose grantor was not a corporation.
• D)One which must distribute its accounting income every year.

---

Definitions:

Human Instincts

Innate, biologically determined and genetically programmed behaviors that are essential for the survival and reproduction of humans.

Motivational Processes

The procedures, mechanisms, or sequences of events that lead to motivated behavior, including the initiation, direction, intensity, and persistence of actions.

Motivation

The process that initiates, guides, and maintains goal-oriented behaviors, driven by internal or external factors.

Energizes

To supply with energy or increase the energy level of something, often leading to enhanced performance or activity.