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A testamentary trust established in 2018 for the benefit of children earned $32,000 of income in its 2022 taxation year. The income consists entirely of
A testamentary trust established in 2018 for the benefit of children earned $32,000 of income in its 2022 taxation year. The income consists entirely of eligible dividends. The trust distributed half of the $32,000 income to beneficiaries. Determine the federal tax payable by the trust for 2022 taxation year.
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