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:

Merit Pay

Links an individual’s salary or wage increase directly to measures of performance accomplishment.

High Performers

Individuals or groups known for achieving exceptional results and exceeding established standards in their field.

Low Performers

Individuals or employees who do not meet the established performance standards of an organization.

Skill-Based Pay

Rewards people for acquiring and developing job-relevant skills.