Please help me with these questions

A fiduciary tax return is filed by

Select one:

a. an executor.

b. Both a trustee and an executor.

c. a grantor.

d. a trustee.

What is the benefit(s) of a living trust?

Select one:

a. Keeps assets in the trust out of the gross estate.

b. Maintains privacy for the beneficiaries.

c. Both keeps assets in the trust out of the probate estate and maintains privacy for the beneficiaries.

d. Keeps assets in the trust out of the probate estate.

Which of the following applies to a simple trust?

Select one:

a. The trustee must distribute capital gain income

b. It is allowed a $100 deduction on its income tax return

c. It must distribute its accounting income to its beneficiaries annually

d. It is required to make annual charitable contributions

All of the following are deductions from the gross estate except

Select one:

a. charitable bequests.

b. a credit card bill of the decedent.

c. the annual exclusion.

d. the decedent's funeral expenses.

Distributable net income

Select one:

a. is the dividend and interest earned by a trust in a year less expenses.

b. is the minimum amount that must be distributed by a complex trust.

c. limits the amount of a distribution that is taxable to the beneficiary.

d. is only made up of taxable income.

The alternate valuation date for an estate

Select one:

a. is elected by beneficiaries.

b. values the estate six months after the date of death.

c. should be elected if the size of the estate increases to receive higher bases.

d. does not require the filing of an estate tax return to make the election.

Crystal deposited $50,000 into a joint savings account in her name and the name of her son, Jason. Later that same year, Jason withdrew $16,000 from the account. If Crystal made no other gifts to Jason during that year, what is the value of Crystal's taxable gifts (before applying the unified credit)?

Select one:

a. $25,000

b. $16,000

c. $1,000

d. $12,000

Which of the following does not apply to the estate tax in effect in 2018?

Select one:

a. The tax is assessed on the adjusted basis of the decedent's estate.

b. The gift and estate tax rate schedules are the same.

c. Taxable gifts are integrated with the estate value to determine the estate tax.

d. The unified credit applies to gifts and estates.

A fiduciary tax return must be filed for

Select one:

a. a decedent

b. the donee of a taxable gift

c. a decedent's estate

d. the grantor of a trust

At the time Karen left for college, her grandfather loaned her $100,000 to be used to pay for her college expenses. She signed a note stating that she would begin repaying the loan over 10 years beginning 6 months after graduation. There is no interest specified for the loan. Which of the following is true?

Select one:

a. The grandfather has interest income on the loan.

b. Karen can deduct interest expense on the loan.

c. Karen owes gift taxes in the year of the loan.

d. The grandfather has made a gift of $100,000 to Karen at the time of the loan.