The trustee of the Miguel Trust can distribute any amount of accounting income and corpus to the trust's income beneficiaries,Paula and George.This year,the trust incurred the following.
The trustee distributed $40,000 to Paula and $40,000 to George.
a.What is Miguel's trust accounting income?
b.What is Miguel's DNI?
c.What is Miguel's taxable income?
d.How much gross income is recognized by each of the beneficiaries?
Definitions:
Secondary Reinforcer
Any reinforcer that becomes reinforcing after being paired with a primary reinforcer, such as praise, tokens, or gold stars.
Extinction
In psychology, the gradual weakening and eventual disappearance of a conditioned response when the conditioned stimulus is no longer paired with an unconditioned stimulus.
Conditioned Fear
A learned response to a stimulus that was previously neutral but has been paired with an aversive event.
Loud Noise
Auditory stimuli that are of high decibel level, potentially causing hearing damage or stress.
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