The Hallway Family Trust is established for the benefit of two beneficiaries. The income should be distributed annually. In addition to the income distributions, the beneficiaries are each entitled to a $10,000 distribution. The trust had the following income and expenses in 2016.

interest income $6,000, municipal interest income $2500, ordinary and qualified dividends $6,000

gain on capital assets $18,000, Fiduciary fees $2,500, tax prep fees $500.

What is the 2016 taxable income?

What amount of qualified dividends is allocable to the trust?

What is the distributable net income?

What is the gross income?