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Business, 15.06.2021 03:20 jada4020

Trust incurred $10,000 of portfolio income. Its corporate trustee paid fiduciary fees of $1,000 therefrom, and also paid $1,000 in premiums for a life insurance policy on Marcia, the grantor of the trust. How much gross income does Marcia include with respect to these trust activities? A) $800.
B) $1,000.
C) $8,000.
D) $9,000.
E) $10,000.

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Trust incurred $10,000 of portfolio income. Its corporate trustee paid fiduciary fees of $1,000 ther...
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