Problem related to distribution deduction

Reference no: EM13127080

Panther Trust has net accounting income and distributable net income of $100,000, $75,000 from taxable sources and $25,000 from tax-exempt sources. During the year the trust makes a mandatory distribution to Julius and Steve of $50,000 each. The distribution deduction is:

a. $25,000

b. $50,000

c. $75,000

d. $100,000

Reference no: EM13127080

Questions Cloud

Illustrate what is the earnings per share : A Corp. reported $120,000 of net income and has outstanding 10,000 shares of $1 preferred stock, par of $50, and 50,000 shares of $100 par common stock. Illustrate what is the earnings per share?

What is the vapor pressure : What is the vapor pressure (in mm Hg}) of a solution of 15.5g of glucose in 82.0g of methanol at 27 degrees C? The vapor pressure of pure methanol at 27 degrees C is 140 mm Hg.

Define calorimeters and heat capacity : Calorimeters and heat capacity, If 2.500 g of Mg is burned in a constant volume calorimeter with a heat capacity of 1.10 kJ/degrees Celsius containing 1.500 L

Discussion on rolle theorem : Let f be continuous on the closed interval [a,b] and differentiable on the open interval (a,b). Also, suppose that f(a) = f(b) and that c is a real number in the interval such that f'(c) = 0.

Problem related to distribution deduction : During the year the trust makes a mandatory distribution to Julius and Steve of $50,000 each. The distribution deduction is:

Effect of changing dimensions on volume-number of solutions : A rectangular storage unit has dimensions 1 m by 2 m by 3 m. If each linear dimension is increased by the same amount. What increase would create a new storage unit with a volume 10 times the original

Inter-company transactions : Are there inter-company transactions between Target Corporation and its affiliated companies and did any of their affiliates sell shares of common stock to the public?

What mass of this substance : What mass of this substance must evaporate in order to freeze 230 of water initially at 24? (The heat of fusion of water is 334 the specific heat of water is 4.18 .)

User Account

All Pages