An order of relief occurs upon the filing of either a voluntary petition or an unchallenged involuntary petition

Inheritance taxes are generally structured so that

A) more distant relatives must pay a higher tax rate. B) more distant relatives pay a lower tax rate. C) all beneficiaries pay the same tax rate. D) the tax rate is based upon recipient's wealth.

Non-ordinary items resulting in income or loss a. include unusual but not infrequent gains

b. are treated the same as ordinary items when calculating the effective tax rate. c. are always treated as a total group when calculating the effective rate for the quarter. d. are always excluded from interim reporting.