Questions: In a 501(c)(9) Trust, the trust must be controlled by: A. Fiduciary B. Its member C. All of the above D. An independent trustee

In a 501(c)(9) Trust, the trust must be controlled by: A. Fiduciary B. Its member C. All of the above D. An independent trustee
Transcript text: In a 501(c)(9) Trust, the trust must be controlled by: A. Fiduciary B. Its member C. All of the above D. An independent trustee
failed

Solution

failed
failed
Answer

The answer is B. Its member

Explanation
Option 1: Fiduciary

A fiduciary is a person who holds a legal or ethical relationship of trust with one or more other parties. While fiduciaries can be involved in the management of a trust, they are not necessarily the controlling entity in a 501(c)(9) Trust.

Option 2: Its member

A 501(c)(9) Trust, also known as a Voluntary Employees' Beneficiary Association (VEBA), must be controlled by its members. This ensures that the trust operates for the benefit of its members, who are typically employees or their beneficiaries.

Option 3: All of the above

This option is incorrect because not all the entities listed (fiduciary, its member, and an independent trustee) are required to control a 501(c)(9) Trust. The primary control must be by its members.

Option 4: An independent trustee

An independent trustee can be involved in the administration of a trust, but in the case of a 501(c)(9) Trust, the control must lie with its members.

Was this solution helpful?
failed
Unhelpful
failed
Helpful

Questions asked by other users

failedAnswered
Alex and Jesse are baking holiday muffins. On day one, they baked five muffins, on day two, they baked 11 muffins, and on day three, they baked 17 muffins. What is the slope for this arithmetic sequence? (1 point) 6 1 -1 -6
failedAnswered
Multiple Cholce Question Which of the following in the rental market for housing benefits renters, but makes it unprofitable for suppliers or landowners? Equilibrium price A negative externality A price ceiling A price floor
failedAnswered
Write the equation of the line which has a slope of 3 and passes through (-4,-3). Write the answer in slope-intercept form. The equation of the line in slope intercept form is (Simplify your answer.)
failedAnswered
Are job applicants with easy to pronounce last names less likely to get called for an interview than applicants with difficult to pronounce last names? 628 job applications were sent out with last names that are easy to pronounce and 884 identical job applications were sent out with names that were difficult to pronounce. 475 of the "applicants" with easy to pronounce names were called for an interview while 694 of the "applicants" with difficult to pronounce names were called for an interview. What can be concluded at the 0.10 level of significance? If the calculator asks, be sure to use the "Not Pooled" data option.
failedAnswered
A monologue is a long speech by one actor in a play or movie, or as part of a theatrical or broadcast program. Let's pretend you are the main character in your own play. In the play, you are getting ready to take your best friend to a play. The only problem is, your friend has never been to a theatre in their life and sometimes embarrasses you in public. Please read pages 12 and 13* in your TEXT BOOK and write a monologue (2 or 3 paragraphs in your own character's voice) explaining to your best friend how they should behave when you go to the show. Feel free to make up any scenarios you'd like. Have fun with this! Be specific.