The four (4) step method for calculating the amount of net income a beneficiary of a trust estate would be entitled to consists of the following

a

calculating the s.95 ITAA36 income of the trust estate pursuant to the provisions in the trust deed

b

calculating the distributable income of the trust estate, paying special attention to what the trust deed empowers the trustee to do

C

determine the share of the distributable income to which a beneficiary is presently entitled

d

calculating the share of the trust's net income assessed to the beneficiary

e

All of the above