List and Discuss the Three Major Functions of Distributable Net

question 132

Essay

List and discuss the three major functions of distributable net income (DNI) as that amount is used under Federal income tax law.

---

Definitions:

Family Violence

A pattern of abusive behaviors by one or more members of a family towards another, encompassing physical, sexual, emotional, and psychological abuse.

75 Percent

A numerical value or percentage that can refer to various things depending on the context, generally indicating three-quarters of a total amount.

Partial Destruction

Damage to property or an item that does not completely render it unusable, but significantly impairs its value or function.

Risk Of Loss

A legal and contractual concept determining which party bears the risk for damage or loss of goods after a sale has been completed but before delivery is made.