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:

Physiological Arousal

The physical state of being alert and engaged, often accompanied by increased heart rate, blood pressure, and energy as a response to a stimulus.

Autonomic Arousal

The activation of the autonomic nervous system, leading to physiological changes such as increased heart rate, sweating, or rapid breathing.

Emotional Experience

The complex state of feeling that results from the interaction of subjective and physiological factors.

James-Lange Theory

A theory of emotion that suggests physical arousal precedes and causes emotional experience.