Distribution deduction of the trust

Reference no: EM13127503

In the current year, a trust has distributable net income (DNI) of $30,000. During the year, the trust makes a mandatory distribution to Sarah of $5,000 and a discretionary distribution of $10,000 to Kyle. The trust has no tax-exempt income. The distribution deduction of the trust is:

a. $30,000

b. $15,000

c. $10,000

d. $5,000

Reference no: EM13127503

Questions Cloud

Would it be acceptable for a company to account : On July 1, Pine Region Dairy leased equipment from Farm America for a period of three years. The lease calls for monthly payments of $2,500 payable in advance on the first day of each month, beginning July 1.

What will the final temperature be : If 125 calories of heat is applied to a 60.0 grams piece of copper at 21.0 degrees Celsius, what will the final temperature be? The specific heat of copper is 0.0920 calories per grams times Celsius.

Illustrate what amount of equity income should deuce : On Deuce's December 31, 2012 balance sheet, what balance was reported for the Investment in Wiz Co. account? Illustrate what amount of equity income should Deuce have reported for 2012?

What is the heat gain in calories : a beaker containing 250g of water is heated from 23 degrees C to 100 degrees C. what is the heat gain in calories?

Distribution deduction of the trust : During the year, the trust makes a mandatory distribution to Sarah of $5,000 and a discretionary distribution of $10,000 to Kyle. The trust has no tax-exempt income. The distribution deduction of the trust is:

Improve performance without major disruption : What are the unspoken rules that give Toyota its competitive edge and how do they make it possible for the company to change and improve performance without major disruption?

Explain why the issuing corporation charged : On March 31, 2011, Gardner Corporation received authorization to issue $50,000 of 9 percent, 30-year bonds payable. The bonds pay interest on March 31 and September 30. The entire issue was dated March 31, 2011, but the bonds were not issued until..

Calculate the amount of hcn formed : If a sample of 0.190 grams of KCN is treated with an excess of HCL, calculate the amount of HCN formed, in grams.

Find randomly selected person from sample is employed : Let B be the event that a randomly selected person from this sample is employed. What is P(A|B) (rounded to two decimal places)?

User Account

All Pages