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Your client, Ralph, is the trustee of an irrevocable trust, and pursuant to the trust terms, he has elected to retain $ 1 2 ,
Your client, Ralph, is the trustee of an irrevocable trust, and pursuant to the trust terms, he has elected to retain $ of net income in the trust for As a result, you warn Ralph that such income will be taxed at a rate of: a b c d
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