A Trust Has the Following Results The Uniform Act Is Followed

question 23

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