A Simple Trust Has a Distributable Net Income (DNI)of $50,000

question 3

Multiple Choice

A simple trust has a distributable net income (DNI) of $50,000 and net accounting income of $60,000,all from taxable sources.The trust has a sole beneficiary,Marty.The trust reports on a calendar tax year and distributes the $60,000 of 2008's net accounting income to Marty on January 20,2009.No other distributions are made in the current year.Marty's taxable income from the trust this year is

• A)$0.
• B)$49,700.
• C)$50,000.
• D)$60,000.

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Definitions:

Safety Motivation

The drive and commitment to adhere to practices and behaviors that ensure the safety and well-being of oneself and others in the workplace.

Health and Safety Legislation

Legal provisions and regulations designed to protect employees from workplace hazards and ensure a safe working environment.

Health and Safety Inspectors

Professionals responsible for assessing workplaces to ensure they comply with health and safety regulations and standards to protect workers.

Physical Health Hazards

Environmental factors or substances that can cause harm or illness to an individual's physical health in the workplace.