(Answered) Question - panther trust has net accounting income and

Accounting

Question - 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. How much of Steve's distribution is taxable?

a. $12,500

b. $25,000

c. $37,500

d. $50,000

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