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Glenda, Age 8, Has $6,150 Interest from a Trust Fund

Question 52

Multiple Choice

Glenda, age 8, has $6,150 interest from a trust fund established by her grandfather several years ago.How much of Glenda's income is taxed at the trust and estate's tax rate?


A) $6,150
B) $5,050
C) $3,950
D) $1,100

Correct Answer:

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