Bonita is considering establishing a trust for her mother that will pay out $1,000 each month. The trust department at a local bank will act as trustee. Bonita will retain the right to revoke the trust and be the remainder beneficiary of the trust. If the trust earns $15,000 for the year, who must pay income tax on earnings?

a. Bonita will pay on $15,000.

b. Bonitas mother will pay on $12,000, whereas the trust will pay on $3,000.

c. Bonitas mother pays will pay on $12,000, whereas Bonita will pay on $3,000.

d. The trust will pay on $15,000.