The Term "Trust Income" When Not Preceded by an Explanatory

question 8

Multiple Choice

The term "trust income" when not preceded by an explanatory word relates most closely to

• A)gross income.
• B)taxable income.
• C)distributable net income.
• D)net accounting income.

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Definitions:

Relevant Evidence

Evidence tending to prove or disprove the fact in question. Only relevant evidence is admissible in court.

Direct Evidence

Evidence that directly establishes the existence of a fact.

Circumstantial Evidence

Indirect evidence offered to establish, by inference, the likelihood of a fact that is in question.

FOIA

The Freedom of Information Act (FOIA) is a United States federal law that grants the public the right to request access to records from any federal agency, aimed at ensuring government transparency.