This Year, the Nano Trust Reported $50,000 Entity Accounting Income

question 18

Multiple Choice

This year, the Nano Trust reported $50,000 entity accounting income and $40,000 distributable net income (DNI) . Nano distributed $60,000 cash to Horatio, its sole income beneficiary. Nano is a simple trust. Nano's distribution deduction is:

• A) $60,000.
• B) $50,000.
• C) $40,000.
• D) $0.

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Definitions:

Personality Assessment

The way we measure and capture personality, using a variety of methods.

Cronbach's Alpha

A measure used in statistics to assess the reliability, or internal consistency, of a set of scale or test items.

Internal Reliability

A measure of consistency within a psychological test, indicating how closely related the items in the test are as a group.

Mean

The average score on a scale, calculated by adding everyone’s scores and dividing by the number of scores.