Question 18 of 25. A social security lump-sum election allows a taxpayer to: Treat a lump-sum social security benefit as if the benefits for prior years had been received in those years. Include the social security benefits received for prior years in current-year benefits. Elect ten-year averaging on the lump-sum payment. Evenly allocate the lump-sum benefit over the current year and the prior years. Mark for follow up Question 16 of 25. Which of the following accurately describes a charitable trust? A charitable organization: Funds the trust with property that produces tax-exempt income for the charity. Funds the trust and is entitled to tax-exempt income at a later date, specified in the trust document. Is entitled to either an income interest, a remainder interest, or both from the trust. Uses this kind of trust to compensate employees of the charity. Mark for follow up