Distributable Net Income

question 68

Multiple Choice

Distributable net income

• A)limits the amount of a distribution that is taxable to the beneficiary.
• B)is only made up of taxable income.
• C)is the minimum amount that must be distributed by a complex trust.
• D)is the dividend and interest earned by a trust in a year less expenses.

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Definitions:

Communication

The process of transferring information, ideas, and feelings from one entity or group to another through various means.

Gender-Typing

The process by which children learn and adopt the behaviors, values, and attributes of a gender role considered appropriate in their culture.

Cognitive Developmental

Relates to the study of how thought processes and mental operations evolve from infancy through adulthood.

Socialization

The process through which individuals learn and internalize the values, behaviors, and norms of their society or cultural group, shaping their personalities and social behavior.