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:

Indian Ocean

The third largest ocean in the world, bounded by Africa to the west, Asia to the north, Australia to the east, and the Southern Ocean to the south.

Fault Strength

A measure of how resistant a fault is to movement or slip under tectonic stresses.

Stress Decreases

Refers to the reduction in the force per unit area exerted on a material or structure.

Stress Consistently

implies the continuous application or presence of force on an object or material over a period of time.