When an Accountant Serves as a Trustee of a Blind

question 12

Multiple Choice

When an accountant serves as a trustee of a blind trust and prepares annual state and federal tax returns for the trust,the accountant:

• A) Is entitled to compensation both for serving as a trustee and for preparing the tax returns
• B) Is entitled to compensation for serving as the trustee, but is not entitled to separate and independent compensation for preparing the tax returns
• C) Is not entitled to compensation for serving as the trustee, but is entitled to compensation for preparing the tax returns because a trustee is not expected as part of her customary duties to have sufficient skill or training to prepare accurate tax returns
• D) Is not entitled to compensation whatsoever, and is allowed to delegate the task of preparing tax returns to a competent, paid tax return preparer

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Definitions:

Motor Neurons

Nerve cells responsible for conveying signals from the spinal cord and brain to muscles, inducing movement.

Spinal Cord

A long, thin, tubular structure made up of nervous tissue, which extends from the brainstem down the back, transmitting neural signals between the brain and the rest of the body.

Knee Jerk Reflex

A quick involuntary response involving muscle contraction, triggered by a tap on the tendon below the knee cap.

Spinothalamic Tract

A sensory pathway in the spinal cord and brain that carries information about pain and temperature to the brain.