A Trust Has the Following Results: the Uniform Act

question 37

Multiple Choice

A trust has the following results: 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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Definitions:

Projection

Projection is the assignment of personal attributes to other individuals.

Gender Stereotyping

The practice of ascribing to individuals specific attributes, characteristics, or roles based solely on their gender.

Selective Perception

A cognitive process where individuals interpret and focus on specific stimuli while ignoring others, based on their interests, backgrounds, and attitudes.

Halo Effect

A cognitive bias where an individual's overall impression of a person, brand, or product influences their feelings and thoughts about that entity's character or properties.