Multiple Choice
J and Z, husband and wife, created a trust for J's aging mother, Betty.This year the trust received dividend income of $15,000 and distributed $10,000 to Betty.The taxable income of the trust and Betty is?
A) Trust $15,000, Betty $10,000
B) Trust $0, Betty $15,000
C) Trust $5,000, Betty $10,000
D) Trust $15,000, Betty $0
E) None of the above
Correct Answer:
Verified
Correct Answer:
Verified
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