Trish is 16 year old. For the income year ended 2022, Trish derived $6000 from discretionary trust created inter vivos by her grandfather. Trish also earned $2000 working for the trustee of that trust estate, and $3000 working of her share of the profit from lemonade stand which Trish operates in partnership with two others 16 years old.

with reference to relevant principals, rules or legal authorities advise Trish on legal implications of these facts.

Answer rating: 100% (QA)

Trishs income from the discretionary trust working for the trustee and the lemonade stand partnershi... View the full answer