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A father plans to create a trust for the benefit of his 22-year-old son and wishes to take advantage of the gift tax annual exclusion. He has named a bank as trustee. Which of the following trust
provisions would cause the gifts to be ineligible to qualify for the gift tax annual exclusion?
1.The trust income is to be paid to the son or accumulated at the discretion of the trustee.
2.The income is to be accumulated until the son reaches age 32 when all accumulated income and principal are to be distributed to him.
A. 1 only
B. 2 only
C. Both 1 and 2
D. Neither 1 nor 2
Answer: C
NEW QUESTION: 2
You are the business leader of a talent review meeting. While the meeting is in progress, you are not able to use the timeline slider available below the talent review dashboard. Identify the reason.
A. The review participants have not entered data from previous meetings while preparing review data for their workers.
B. Only the facilitator can use this feature.
C. The business leader has joined the organization only after the previous meetings were completed.
D. The facilitator has not enabled the option to include data from previous meetings.
E. There is no data from previous meetings available for any of the review population.
Answer: A
Explanation:
Reference: https://docs.oracle.com/cd/E18727_01/doc.121/e13508/T125T299308.htm
NEW QUESTION: 3
Which strategy in a global industry is most likely to be facilitated by a transnational coalition?
A. A protected niche strategy.
B. A national segment strategy.
C. Broad line global competition.
D. A national focus strategy.
Answer: C
Explanation:
Broad line global competition is competition over the full product line of the firm based on differentiation or low cost. The firm needs large resources for this long-term strategy. Governmental relations should emphasize impediment reduction. Transnational coalitions may be created to help the firms overcome impediments to executing the broader strategies, for example, market access or technology barriers.
NEW QUESTION: 4
Regarding the performance of the hard disk under various types of nodes of Huawei Oceanstor 9000, which one is the highest order from high to low?
A. P25 Node SSD Hard Drive -> P25 Node SAS Hard Drive -> P12 SATA Hard Drive -> P36 Node SATA Hard Drive -> C36 SATA Hard Drive
B. P25 Node SSD Hard Drive -> P25 Node SAS Hard Drive -> P12 SATA Hard Drive -> C36 SATA Hard Drive
C. P25 Node SSD Hard Drive -> P25 Node SAS Hard Drive -> P36 Node SATA Hard Drive -> P12 SATA Hard Drive -> C36 SATA Hard Drive
D. P25 Node SSD Hard Drive -> P25 Node SAS Hard Drive -> P36 Node SATA Hard Drive -> C36 SATA Hard Drive -> P12 SATA Hard Drive
Answer: C
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