AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 117 Topic 12 Discussion

AAFM Chartered Trust & Estate Planner® (CTEP®) Certification Examination CTEP Question # 117 Topic 12 Discussion

CTEP Exam Topic 12 Question 117 Discussion:
Question #: 117
Topic #: 12

If a trust is partner in a firm, the maximum rate of tax applicable is


A.

30%


B.

35%


C.

40%


D.

The provisions of maximum rate of income tax would not apply.


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