To Reduce Trustee Commissions,the Emily Trust Is Operated as Though

question 6

Multiple Choice

To reduce trustee commissions,the Emily Trust is operated as though it were two trusts (i.e. ,with 70-year-old Grandma and 7-year old Skippy each holding equal shares) .This year the trust generated distributable net income (DNI) of $80,000.The trustee distributed $90,000 to Grandma this year: $40,000 as her one-half share of the entity's income,and $50,000 as a distribution of principal.How much of the year's distributable net income is assigned to Grandma?

• A)$90,000.
• B)$80,000.
• C)$50,000.
• D)$40,000.

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Definitions:

Pitch

The perceived frequency of a sound, determining how high or low it sounds.

Color Vision

The ability of the eye to distinguish objects based on the wavelengths (or frequencies) of the light they reflect, emit, or transmit.

Ganglion Cells

Neurons located in the retina that receive visual information from photoreceptors and transmit it to the brain.

Visual System

The part of the central nervous system which gives organisms the ability to process visual detail.