This Year, the Huang Trust Is a Complex Trust

question 10

Multiple Choice

This year, the Huang Trust is a complex trust. This year, it distributed all of its accounting income and $5,000 from corpus, to its sole income beneficiary Kun. Huang's taxable income for the year is:

• A) $0.
• B) ($100).
• C) ($300).
• D) ($5,000).

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Definitions:

Diabetic Ketoacidosis

A serious diabetes complication where the body produces excess blood acids (ketones) due to a lack of insulin.

Intensive Care Unit

A specialised department in a hospital providing critical care and complex medical treatment to patients with severe or life-threatening illnesses or injuries.

Long-Term Care Facility

A variety of services which help meet both the medical and non-medical needs of people with a chronic illness or disability who cannot care for themselves for long periods.

Discharge Planning

The process in healthcare that ensures a patient is provided with a coordinated plan for continuing care following their departure from a hospital or clinic.