A Trust Has the Following Results The Uniform Act Is Followed

question 74

Multiple Choice

A trust has the following results: $$\begin{array} { | l | r |} \hline \text { Net tax-exempt interest } & \$ 10,000 \\\hline \text { Net accounting income } & 64,000 \\\hline \text { Trustee fees charged to corpus } & 2,000 \\\hline\end{array}$$ 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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Definitions:

Disharmony with Nature

A state or situation in which there is a lack of balance or disconnect between humans and the natural environment, often leading to ecological degradation or loss of biodiversity.

Legal Mandate

An authoritative command or instruction, often given by a legal body or law, which mandates a certain action or behavior.

Suicidal Ideation

Involves thoughts, considerations, or planning of suicide but does not necessarily include the act of attempting suicide.

Extended Families

Family units that include not only parents and their children but also other relatives such as grandparents, aunts, uncles, and cousins living close by or within the same household.