The personal exemption available to a trust is adjusted annually based on changes in the consumer price index.
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Q28: Little Trust, whose trust instrument is silent
Q29: Estates and trusts
A)are taxed on state and
Q30: Yellow Trust must distribute 33% of its
Q31: List some common examples of principal and
Q32: A simple trust
A)may make charitable distributions.
B)may make
Q34: The exemption amount for an estate is
A)$0.
B)$100.
C)$300.
D)$600.
Q35: A client asks about the relevance of
Q36: A complex trust permits accumulation of current
Q37: A trust document does not define income
Q38: A trust document does not define income
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