A Trust Has the Following Results: the Uniform Act

question 36

Multiple Choice

A trust has the following results: The Uniform Act is followed. The trust document requires one-fifth of the income to be distributed annually to David and the remainder of the income to Patty. What is distributable net income?

• A)$74,000
• B)$72,000
• C)$64,000
• D)$62,000

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Definitions:

Handedness

Refers to the preference of using one hand over the other for performing activities, commonly categorized into right-handedness, left-handedness, and ambidexterity.

Preschool Years

A developmental period in early childhood, typically ranging from ages 3 to 5, characterized by growth in social, cognitive, and motor skills as children prepare for elementary education.

Dexterity

Skill and ease in using the hands or body; the coordination of fine or gross motor abilities.

Breast-Fed

Refers to infants who are fed breast milk, either directly from the breast or pumped, as opposed to being fed formula from a bottle.