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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. Both 1 and 2
B. Neither 1 nor 2
C. 2 only
D. 1 only
Answer: A
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E. The review participants have not entered data from previous meetings while preparing review data for their workers.
Answer: E
Explanation:
Reference: https://docs.oracle.com/cd/E18727_01/doc.121/e13508/T125T299308.htm
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D. A protected niche 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.
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D. P25 Node SSD Hard Drive -> P25 Node SAS Hard Drive -> P12 SATA Hard Drive -> C36 SATA Hard Drive
Answer: A
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