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During the 2 0 2 1 / 2 2 tax year, Porter Chrystan created the Blind Trust, an inter vivos trust to provide services to

During the 2021/22 tax year, Porter Chrystan created the Blind Trust, an inter vivos trust to provide services to his psychiatry practice. The net income of the trust for the 2021/22 tax year was $270,000.
The trust is to be distributed as follows:
Josh (aged 43)50%
Marise (aged 62)10%
Scott (aged 18)15%
Barnaby (aged 17)10%
The balance is to be accumulated and applied at the trustee's discretion for the beneficiaries.
There were two discretionary distributions made:
$6,000 was paid towards Barnaby's education.
$9,000 was paid to Ford Credit to pay off a debt incurred by Scott who is currently under medical supervision as he has been pronounced insane.
Barnaby worked at Hillbilly Pizza for 8 hours per week and derived gross wages of $5,000(PAYG tax withheld $440) during the year. He also received income of $7,000 from a deceased estate (including franking credits of $400).
Prepare a schedule (covering all beneficiaries) nominating:
Name of the BENEFICIARY
Whether or not the beneficiary is PRESENTLY ENTITLED
Whether or not the beneficiary is under a LEGAL DISABILITY
Which SECTIONS of the Act apply to make the income assessable
WHO IS ASSESSED on each amount
The AMOUNT retained or distributed Calculate tax payable by the trustee.
Calculate tax payable by Barnaby.
This is for Australian (tax rates)Calculate tax payable by the trustee
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