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The AKRONZIPS Trust is required to distribute all income to its sole beneficiary. All capital gains and losses and expenses are allocable to the

The AKRONZIPS Trust is required to distribute all income to its sole beneficiary. All capital gains and

The AKRONZIPS Trust is required to distribute all income to its sole beneficiary. All capital gains and losses and expenses are allocable to the trust corpus. AKRONZIPS trust's asset generated: Taxable Interest income of $10,000 Tax Exempt Interest $15,000 Dividend Income of $20,000 Net LT Capital Gains of $25,000 Fiduciary Fees $6,000 This trust requires all income to be distributed annually. 1. What type of trust is this? 2. What is the trust exemption amount $ The taxable income is calculated as: (6 points) Taxable income = The DNI is calculate as: (6 points) DNI = (1.5 points) (1.5 points)?

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