The Ulrich Trust Has Distributable Net Income for the Year

question 103

Multiple Choice

The Ulrich Trust has 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 $60,000 to Roger and $60,000 to Sally.After paying these amounts, the trustee is empowered to make additional distributions at its discretion.Exercising this authority, the Ulrich trustee distributes an additional $20,000 to Roger and $20,000 to Sally.How much gross income from the trust must Sally recognize?

• A)$80,000.
• B)$60,000.
• C)$50,000.
• D)$20,000.

---

Definitions:

Marketing Analytics

The process of assessing, overseeing, and scrutinizing marketing success to increase its impact and boost the ROI.

Data Driven

Decision-making processes or strategies that prioritize and rely on data analysis and interpretation to guide actions and determine outcomes.

Resource Allocation

The process of assigning and managing assets and resources, such as capital and labor, in the most effective way to achieve organizational goals.

Trademark

A recognizable sign, design, or expression that identifies products or services of a particular source from those of others.