The Distributable Net Income (DNI) of a Fiduciary Taxpayer

question 59

Multiple Choice

The distributable net income (DNI) of a fiduciary taxpayer:

• A) Constitutes the maximum amount for the fiduciary's distribution deduction.
• B) Specifies the character of the distributions in the hands of the year's income beneficiaries.
• C) Marks the maximum amount of gross income that income beneficiaries must report when receiving distributions.
• D) All of the above.

Explain what value process reengineering adds to both organization and customer.

Understand the various sources and types of health insurance.

Identify key features and provisions of a good health insurance plan.

Recognize the significance of disability income insurance and its provisions.