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

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Definitions:

Subgoals

Smaller, more manageable objectives set as part of the process to achieve a larger goal.

Symptoms of Depression

Clinical signs indicative of depression, such as persistent sadness, loss of interest, and changes in appetite or sleep.

Salutary Goal Statements

Declarations that outline beneficial, health-promoting objectives meant to guide actions and decisions.

Subgoals

Specific, achievable objectives that contribute to reaching a larger goal.