In the Current Year, a Trust Has Distributable Net Income

question 23

Multiple Choice

In the current year, a trust has distributable net income (DNI) of $30,000. During the year, the trust makes a mandatory distribution to Sarah of $5,000 and a discretionary distribution of $10,000 to Kyle. The trust has no tax- exempt income. The distribution deduction of the trust is

• A) $30,000.
• B) $15,000.
• C) $5,000.
• D) $10,000.

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Definitions:

Sales Presentation

A formal or structured demonstration or pitch aiming to persuade a potential customer to purchase a product or service.

Personalizing Customer Relationships

Personalizing customer relationships involves tailoring interactions and communications to meet the individual needs and preferences of each customer.

Referring Competition

Mentioning or recommending competitors in a way that can indirectly benefit one's own business.

Personalize The Relationship

A marketing and customer service strategy focusing on tailoring interactions and communications to meet the individual needs and preferences of customers.