Question during 2014 an estate generated income of, Ask an Expert

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Question: During 2014 an estate generated income of $51,500:

Rental income $ 19,500

Interest income 16,500

Dividend income 15,500

The interest income is conveyed immediately to the beneficiary stated in the decedent's will. The dividends are given to the decedent's church.

What is the taxable income of the estate?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M92713055

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