An executor of a decedent's estate that has only U.S. citizens as beneficiaries is required to file an income tax return if the estate's gross income for the year is at least

A. $400
B. $500
C. $600
D. $1,000

Answer: C. $600

Business

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All of the following would be classed as real property, except:

A: Unextracted crude oil; B: Leasehold estates in residential properties; C: Uncultivated grove of trees; D: Easements appurtenant.

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What features of an adjustable-rate mortgage will affect its cash flow?

What will be an ideal response?

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