One-third of the Hermann Estate's distributable net income consists of qualifying dividends. Thus, when income beneficiary Susie receives a $30,000 income distribution from the estate, $10,000 of it qualifies for the 15% tax rate.

Question

Quizplus · Accepted Answer

One-third of the distributable net income consists of qualifying dividends, which means that $10,000 of the $30,000 income distribution qualifies for the lower tax rate of 15%.

One-Third of the Hermann Estate's Distributable Net Income Consists of Qualifying