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The Prakash Estate has equal income beneficiaries Sam and Janet. As allowed by the terms of the will, the estate makes no income distributions during
The Prakash Estate has equal income beneficiaries Sam and Janet. As allowed by the terms of the will, the estate makes no income distributions during the current tax year. The estates personal exemption is:
a. $0.
b. $100.
c. $300.
d. $600.
e. The exemption depends on the amount of taxable income of the estate.
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