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cestrela7 [59]
3 years ago
7

A simple trust had $25,000 in capital gains, $10,000 in municipal interest, $5,000 in corporate bond interest, and $2,000 in acc

ounting and trustee fees. According to the trust agreement, capital gains are to be distributed to the beneficiary. What is the distributable net income for this trust?
Business
1 answer:
yawa3891 [41]3 years ago
5 0

Answer:

$38,000

Explanation:

Given:

Capital gains = $25,000

Municipal interest = $10,000

Corporate bond interest = $5,000

Accounting and trustee fees = $2,000

Now,

The distributable net income for this trust

= Capital gains + Municipal interest + Corporate bond interest - Accounting and trustee fees

= $25,000 + $10,000 + $5,000 - $2,000

= $38,000

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