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Jose sets up an intentionally defective grantor trust. He pays 35% of his income in federal taxes. The beneficiary is his daughter Grace. She

Jose sets up an intentionally defective grantor trust. He pays 35% of his income in federal taxes. The beneficiary is his daughter Grace. She pays 23% of her income in taxes. The trust is in the 24% tax bracket. If the trust is intentionally defective and has only bond income of $288,678, what will the trust taxes be in the current year?

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