The will of the Nguyen family patriarch established the Nguyen Family Trust after his death in 2018. In financial year 2019-20 the trust carried on a number of income earning activities. These included running a trading business with sales of $100,000 and allowable deductions of $30,000 as well as leasing an office in Singapore which provided $35,000 in rent. The trust incurred $5,000 in deductible expenses and investment income from Australian shares for which it received $7,000 in fully franked dividends. There are three (3) beneficiaries of the trust and all are Australian resident individuals: Duc (the father) aged 45 - who is to be paid 25% of the net income of the trust Hue (the mother) aged 42 - who is also to be paid 25% of the net income of the trust An (the son) aged 17 - who is to have the balance of the trust income accumulated for his benefit and distributed to him if he attains 25 years of age - subject to the trustee being able to pay, in its absolute discretion, such amounts as it deems fit for An's education, maintenance and advancement in life. In accordance with the terms of the trust, on 30 June 2020 the trustee distributes the net income of the trust 25% each to Duc and Hue. Duc is an undischarged bankrupt and has other income of $30,000. Hue has no income. During the tax year the trust paid An's university fees of $10,000 and provided him with a living allowance of $8,000. a) Calculate the net income of the trust b) Explain who will pay the tax on the net income of the trust, on what basis and at what rates