Taylor created a trust, transferred property to this trust, and retained certain interests. For income tax purposes, Taylor was treated as the owner of the trust. Taylor has created which of the following types of trusts?

Of the following, which item is not normally taken into account in determining distributable net income of a simple trust?

Of the following, what is the standard deduction for a trust or estate fiduciary income tax return?

Under the provisions of a decedent’s will, the following cash disbursements were made by the estate’s executor:

I. A charitable bequest to the American Red Cross
II. Payment of the decedent’s funeral expenses

What deduction(s) is (are) allowable in determining the decedent’s taxable estate?

A distribution from estate income that was currently required was made to the estate’s sole beneficiary during its calendar year. The maximum amount of the distribution to be included in the beneficiary’s gross income is limited to the estate’s

For income tax purposes, the estate’s initial taxable period for a decedent who died on October 20: