List the Three Major Functions of Distributable Net Income (DNI)in

question 77

Essay

List the three major functions of distributable net income (DNI)in determining how the beneficiaries of a trust or estate account for their distributions received for the tax year.

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Definitions:

Intercultural Sensitivity

The awareness, respect, and understanding of cultural differences and similarities within, among, and between groups.

Worldviews

Encompasses the fundamental cognitive orientation of an individual or society encompassing natural philosophy, fundamental existential and normative postulates, or themes, values, emotions, and ethics.

Surface-Level

Concerned with or limited to only the outward or superficial aspects of something.

Deep-Level

Pertaining to the underlying or more complex aspects of something, going beyond the surface level.