A Trust Has the Following Results The Uniform Act Is Followed

question 97

Multiple Choice

A trust has the following results: $$\begin{array} {| l | l| } \hline \text { Net tax-exempt interest } & { \$ 10,000 } \\\hline \text { Net accounting income } & 64,000 \\\hline \text { Trustee fees charged to corpus } & 2,000 \\\hline\end{array}$$ The Uniform Act is followed. The trust document requires one-fifth of the income to be distributed annually to David and the remainder of the income to Patty. What is distributable net income?

• A) $74,000
• B) $72,000
• C) $64,000
• D) $62,000

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