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The Uldis Trust reports distributable net income for the year of $100,000 and no income from tax-exempt sources. Under the terms of the trust instrument, the trustee must distribute $75,000 to Roger and $75,000 to Sally. After paying these amounts, the trustee is empowered to make additional distributions at its discretion. Exercising this authority, the Uldis trustee distributes an additional $10,000 to Roger and $30,000 to Sally. How much gross income from the trust must Sally recognize?
Objectives
Specific, measurable goals set by an individual or organization to achieve desired outcomes.
Expectancy Theory
A motivational theory that suggests an individual's behavior is determined by their expected outcomes and the attractiveness of those outcomes.
Good Effort
Typically refers to the application of commendable energy, diligence, or perseverance towards accomplishing a task or goal.
High Performance
Refers to a level of achievement that goes beyond the standard norms, often highlighting exceptional skill, productivity, or quality.
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