The Eagleton Trust Generated Distributable Net Income (DNI)this Year of $120,000,one-Third

question 122

Multiple Choice

The Eagleton Trust generated distributable net income (DNI) this year of $120,000,one-third of which was portfolio income,and the balance of which was exempt interest.Under the terms of the trust,Clara Eagleton is to receive an annual income distribution of $40,000.At the discretion of the trustee,additional distributions can be made to Clara,or to Clark Eagleton III.This year,the trustee's distributions to Clara totaled $60,000.Clark also received $60,000.How much of the trust's DNI is assigned to Clark?

• A)$40,000.
• B)$60,000.
• C)$70,000.
• D)$100,000.

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Definitions:

Self-efficacy

An individual's belief in their ability to succeed in specific situations or accomplish a task, influencing motivation and behavior.

Expected Outcomes

Anticipated results or effects that are predicted based on specific actions or interventions.

Self-concept

Self-concept is an individual's perception of themselves, encompassing beliefs, feelings, and thoughts about one's abilities, appearance, and personality.

Self-actualization

A concept in psychology referring to the realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.