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A Trust Has the Following Results The Uniform Act Is Followed

Question 32

Multiple Choice

A trust has the following results:  Net tax-exempt interest $10,000 Net accounting income 64,000 Trustee fees charged to corpus 2,000\begin{array} { | l | r | } \hline \text { Net tax-exempt interest } & \$ 10,000 \\\hline \text { Net accounting income } & 64,000 \\\hline \text { Trustee fees charged to corpus } & 2,000 \\\hline\end{array} The Uniform Act is followed.The trust document requires one-fifth of the income to be distributed annually to David and the remainder of the income to Patty.What is distributable net income?


A) $74,000
B) $72,000
C) $64,000
D) $62,000

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