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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
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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. 2 only
C. Neither 1 nor 2
D. 1 only
Answer: A
NEW QUESTION: 2
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D. The business leader has joined the organization only after the previous meetings were completed.
E. There is no data from previous meetings available for any of the review population.
Answer: C
Explanation:
Reference: https://docs.oracle.com/cd/E18727_01/doc.121/e13508/T125T299308.htm
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D. P25 Node SSD Hard Drive -> P25 Node SAS Hard Drive -> P12 SATA Hard Drive -> P36 Node SATA Hard Drive -> C36 SATA Hard Drive
Answer: B
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