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What income tax liability of the trust is

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Grandma Orange is designated in irrevocable trust a property in favor of her grand daughter and appointed her lawyer as trustee. The property earned a regular monthly revenue of P55,000 and a monthly maintenance expense of P10,000 plus annual trust fee of P80,000.00. P15,000 monthly is given to her grand daughter as income distribution.

Problem 1: Income tax liability of the trust is

Reference no: EM132833917

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What income tax liability of the trust is : What Income tax liability of the trust is? Grandma Orange is designated in irrevocable trust a property in favor of her grand daughter
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