Which of the following items is not normally taken into account in determining distributable net income of a simple trust?

A. Tax-exempt interest.
B. Fiduciary fee.
C. Taxable interest income.
D. Personal exemption.

Answer: D. Personal exemption.

Business

You might also like to view...

Stock of the XYZ Corporation has a par value of $50 . If the corporation pays a 5% dividend, compute the amount of the dividend paid to the owner of 160 shares

Business

Cloud based CRM services are particularly useful for:

a. Large companies with many resources b. Small companies with limited resources c. Customers wanting to shop online d. Firms wanting customers seeing their current inventory balance

Business