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Problem 2-45 (LO 2-1) (Algo) The estate of Monique Chablis earned $590 of income this year. Is the estate required to file an income tax

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Problem 2-45 (LO 2-1) (Algo) The estate of Monique Chablis earned $590 of income this year. Is the estate required to file an income tax return? O Yes, because the estate's gross income is more than $600, the estate is required to file an income tax return. No, the estate is exempted from filing an income tax return. Yes, the estate has to file an income tax return irrespective of its income. O No, because the estate's gross income is less than $600, the estate is not required to file an income tax return

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