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Test bank for South-Western Federal Taxation 2025, Corporations, Partnerships, Estates and Trusts, 48th Edition by Raabe (All Chapters included)$29.49
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Test bank for South-Western Federal Taxation 2025, Corporations, Partnerships, Estates and Trusts, 48th Edition by Raabe (All Chapters included)
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Course
Income tax
Institution
Income Tax
Complete Test Bank for South-Western Federal Taxation 2025, Corporations, Partnerships, Estates and Trusts, 48th Edition by William A. Raabe, James C. Young, Annette Nellen, William H. Hoffman ; ISBN13: 9780357989074....(Full Chapters included and organized in reverse order from Chapter 20 to 1)......
South-Western Federal Taxation 2025,
Corporations, Partnerships, Estates and
Trusts, 48th Edition by William A. Raabe
Complete Chapters Test Bank
are included (Ch 1 to 20)
** Immediate Download
** Swift Response
** All Chapters included
,Table of Contents are given below
1. Understanding and Working with the Federal Tax Law.
2. The Deduction for Qualified Business Income for Noncorporate Taxpayers.
3. Corporations: Introduction and Operating Rules.
4. Corporations: Organization and Capital Structure.
5. Corporations: Earnings & Profits and Dividend Distributions.
6. Corporations: Redemptions and Liquidations.
7. Corporations: Reorganizations.
8. Consolidated Tax Returns.
9. Taxation of International Transactions.
10. Partnerships: Formation, Operation, and Basis.
11. Partnerships: Distributions, Transfer of Interests, and Terminations.
12. S Corporations.
13. Comparative Forms of Doing Business.
14. Taxes in the Financial Statements.
15. Exempt Entities.
16. Multistate Corporate Taxation.
17. Tax Practice and Ethics.
18. The Federal Gift and Estate Taxes.
19. Family Tax Planning.
20. Income Taxation of Trusts and Estates.
,The Test Bank is organized in reverse order, with the last chapter displayed first,
to ensure that all chapters are included in this document.
(Complete Chapters included Ch20-1)
Chapter 20: Income Taxation of Trusts and Estates
True / False
1. Tax planning motivations usually predominate over other objectives in deciding whether to create a trust.
a. True
b. False
ANSWER: False
RATIONALE: Tax consequences generally are secondary to the decision to create a trust.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: CPET.SWFT.2025.LO: 20-01 - LO: 20-01
NATIONAL STANDARDS: United States - BUSPROG: Comprehension - BUSPROG: Comprehension
STATE STANDARDS: United States - AK - AICPA: FN-Measurement
KEYWORDS: Bloom's: Understand
OTHER: Time: 2 min.
DATE CREATED: 1/31/2024 12:28 PM
DATE MODIFIED: 3/6/2024 3:05 PM
2. A trust might be used when a married couple is divorcing.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: CPET.SWFT.2025.LO: 20-01 - LO: 20-01
NATIONAL STANDARDS: United States - BUSPROG: Comprehension - BUSPROG: Comprehension
STATE STANDARDS: United States - AK - AICPA: FN-Measurement
KEYWORDS: Bloom's: Understand
OTHER: Time: 2 min.
DATE CREATED: 1/31/2024 12:28 PM
DATE MODIFIED: 3/6/2024 3:05 PM
3. Like a corporation, the fiduciary reports and pays its own Federal income tax liability.
a. True
b. False
ANSWER: True
RATIONALE: Fiduciaries pay an entity-level tax on accumulated income.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False Page 1
HAS VARIABLES: False
, Chapter 20: Income Taxation of Trusts and Estates
LEARNING OBJECTIVES: CPET.SWFT.2025.LO: 20-01 - LO: 20-01
NATIONAL STANDARDS: United States - BUSPROG: Comprehension - BUSPROG: Comprehension
STATE STANDARDS: United States - AK - AICPA: FN-Reporting
KEYWORDS: Bloom's: Remember
OTHER: Time: 2 min.
DATE CREATED: 1/31/2024 12:28 PM
DATE MODIFIED: 3/6/2024 3:05 PM
4. An estate’s remainder beneficiary generally must wait until the entity is terminated by the executor to receive any
distributions.
a. True
b. False
ANSWER: True
RATIONALE: Fiduciaries generally pay out income at least once each year. Such payments are made to the
income beneficiaries.
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: CPET.SWFT.2025.LO: 20-01 - LO: 20-01
NATIONAL STANDARDS: United States - BUSPROG: Comprehension - BUSPROG: Comprehension
STATE STANDARDS: United States - AK - AICPA: FN-Reporting
KEYWORDS: Bloom's: Remember
OTHER: Time: 2 min.
DATE CREATED: 1/31/2024 12:28 PM
DATE MODIFIED: 3/6/2024 3:05 PM
5. With respect to a trust, the terms creator, donor, and grantor are synonyms.
a. True
b. False
ANSWER: True
POINTS: 1
DIFFICULTY: Easy
QUESTION TYPE: True / False
HAS VARIABLES: False
LEARNING OBJECTIVES: CPET.SWFT.2025.LO: 20-01 - LO: 20-01
NATIONAL STANDARDS: United States - BUSPROG: Comprehension - BUSPROG: Comprehension
STATE STANDARDS: United States - AK - AICPA: FN-Reporting
KEYWORDS: Bloom's: Remember
OTHER: Time: 2 min.
DATE CREATED: 1/31/2024 12:28 PM
DATE MODIFIED: 3/6/2024 3:05 PM
6. Corpus, principal, and assets of the trust are synonyms.
Page 2
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