Distributable Net Income

question 68

Multiple Choice

Distributable net income

• A)limits the amount of a distribution that is taxable to the beneficiary.
• B)is only made up of taxable income.
• C)is the minimum amount that must be distributed by a complex trust.
• D)is the dividend and interest earned by a trust in a year less expenses.

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Definitions:

Stress

A condition of emotional, mental, or physical strain or tension resulting from adverse or demanding circumstances.

Immune System

The complex network of cells, tissues, and organs that work together to defend the body against attacks by foreign invaders, such as bacteria, viruses, and parasites.

Illness

A condition that negatively affects a person's health, interrupting or modifying their bodily functions.

Anomie

A state or condition of society or an individual marked by a breakdown of social norms and values, often leading to social instability.