The Roz Trust Has Distributable Net Income for the Year

question 28

Multiple Choice

The Roz 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 $30,000 to Roger and $30,000 to Sally. After paying these amounts, the trustee is empowered to make additional distributions at its discretion. Exercising this authority, the trustee distributes an additional $10,000 to Roger and $30,000 to Sally. How much gross income from the trust must Sally recognize?

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

Appreciate the influence of cultural norms and values on self-conception and behavior.

Analyze the role of self-perception in understanding and changing attitudes.

Explore the effects of self and social identity on behavior and social relationships.

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Definitions:

The Ka

In ancient Egyptian belief, a spiritual duplicate of the body that remained near the body after death and needed sustenance to survive in the afterlife.

Abu Simbel

An ancient temple complex in southern Egypt, built by Pharaoh Ramses II, known for its massive rock-cut façades and interior chambers.

Aswan High Dam

A large dam located on the Nile River in Egypt, constructed between 1960 and 1970 to control flooding, provide increased water storage for irrigation, and generate electricity.

Ramses II

A prominent pharaoh of Egypt's Nineteenth Dynasty, renowned for his architectural achievements and military victories, ruling from 1279-1213 BCE.