The Suarez Trust Generated Distributable Net Income (DNI) This Year

question 64

Multiple Choice

The Suarez Trust generated distributable net income (DNI) this year of $150,000, two-thirds of which was portfolio income, and the balance of which was exempt interest. Under the terms of the trust, Clara Suarez is to receive an annual income distribution of $30,000. At the discretion of the trustee, additional distributions can be made to Clara, or to Clark Suarez III. This year, the trustee's distributions to Clara totaled $60,000. Clark received $90,000. How much of the trust's DNI is assigned to Clark?

• A) $0, only first-tier distributions are subject to Federal income tax.
• B) $60,000
• C) $75,000
• D) $90,000

Explain the principles of motor rotation direction, including clockwise and counter-clockwise terminology.

Understand the configurations (wye and delta) used in three-phase motors and their impact on motor voltage and operation.

Recognize the importance of manufacturer's information for the correct configuration and connection of motors.

Know the effects of different voltages on motor operation and efficiency.

---

Definitions:

Demand Curves

Demand curves graphically demonstrate how the quantity demanded of a commodity varies with its price, highlighting the inverse relationship between prices and demand quantities.

Substitute Good

A product or service that satisfies the need of a consumer that another product or service fulfills.

Important Resource

A crucial element or input required for the production process or societal functioning.

Immigration

The action of coming to live permanently in a foreign country.