List some common examples of principal and income items.
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Q26: A trust is required to distribute 10%
Q27: Outline the classification of principal and income
Q28: Little Trust, whose trust instrument is silent
Q29: Estates and trusts
A)are taxed on state and
Q30: Yellow Trust must distribute 33% of its
Q32: A simple trust
A)may make charitable distributions.
B)may make
Q33: The personal exemption available to a trust
Q34: The exemption amount for an estate is
A)$0.
B)$100.
C)$300.
D)$600.
Q35: A client asks about the relevance of
Q36: A complex trust permits accumulation of current
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