A trust with one income beneficiary earns $20,000 of income for the year. It distributes $15,000 of that income to the beneficiary. On how much income will the trust be taxed on?
A trust with one income beneficiary earns $20,000 of income for the
year. It distributes $15,000 of that income to the beneficiary. On how much income will the trust be taxed on?
Question 16 options:
$0
$5,000
$15,000
$20,000
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