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Shan is a capital and income beneficiary of the Shan Family Trust which is an intervivos trust created by his father for him. The Shan
Shan is a capital and income beneficiary of the Shan Family Trust which is an intervivos trust created by his father for him. The Shan Family Trust's income was $40,000 in gross capital gains in 2019. If the trust allocates out 100% of its income to Shan, what will be the amount of tax paid by the trust?
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Ethics in Accounting A Decision Making Approach
Authors: Gordon Klein
1st edition
1118928334, 978-1118928332
