Which of the following accurately describes one of the rules pertaining to inter vivos trusts?
A) Inter vivos trusts may use the graduated tax rate scale.
B) Inter vivos trusts are allowed the $40,000 exemption in the alternative minimum tax calculation.
C) Inter vivos trusts can deduct personal tax credits.
D) Inter vivos trusts are required to remit quarterly tax instalments.
Correct Answer:
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