QUESTION 3 Clayton Family Trust derived a net income of 100,000 during the 2020/21 tax year. The deed provide screw Joseph (29 years old, bankrupu Bon of trust income Sacia (15 years old daughter, she is a full time students of trinome The trust deed also provides that the balance may be either retained or dintred to the beneficiaries at the discretion www Required a) Explain to the trustee and beneficiaries their tax assessment in respect of the above distributions you are not required to complet distribution table) but need to clearly list the following The name of the beneficiary, whether or not the beneficiary is presently entitled, whether or not the beneficiary is under at which con A the income assessable, who is assessed on each amount, and tax race applicable to each amount (10 Marks) ick Save and Submit to save and submit Click Save All Answers to serve all answers B 6 5 QUESTION 3 Clayton Family Trust derived a net income of 100,000 during the 2020/21 tax year. The deed provide screw Joseph (29 years old, bankrupu Bon of trust income Sacia (15 years old daughter, she is a full time students of trinome The trust deed also provides that the balance may be either retained or dintred to the beneficiaries at the discretion www Required a) Explain to the trustee and beneficiaries their tax assessment in respect of the above distributions you are not required to complet distribution table) but need to clearly list the following The name of the beneficiary, whether or not the beneficiary is presently entitled, whether or not the beneficiary is under at which con A the income assessable, who is assessed on each amount, and tax race applicable to each amount (10 Marks) ick Save and Submit to save and submit Click Save All Answers to serve all answers B 6 5