Question

Computationand calculation of charitable trust of total income and tax liability

Answer 1

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In general, the trust must pay income tax on any income its assets generate. But if the terms of the trust require it to pay out its income to a beneficiary, then the trust itself is entitled to get a deduction for any distributable net income. Any remaining income not distributed then gets taxed to the trust directly. ❤️

Answer 2

Answer:

Here is your answer ll

Hope it helps