A Simple Trust Has a Distributable Net Income (DNI)of $50,000

question 3

Multiple Choice

A simple trust has a distributable net income (DNI) of $50,000 and net accounting income of $60,000,all from taxable sources.The trust has a sole beneficiary,Marty.The trust reports on a calendar tax year and distributes the $60,000 of 2008's net accounting income to Marty on January 20,2009.No other distributions are made in the current year.Marty's taxable income from the trust this year is

• A)$0.
• B)$49,700.
• C)$50,000.
• D)$60,000.

---

Definitions:

Relaxation

A state of reduced tension and stress, often achieved through specific techniques or activities.

Exercise

Engaging in planned, structured, and repetitive physical activities aimed at enhancing or maintaining one's physical condition and overall wellness.

Births

The act or process of bearing or bringing forth offspring from the womb.

Attended

This term can refer to being present at an event or giving attention to a specific task or detail.