A distribution to an estates sole beneficiary for the calendar year equaled $15,000, the amount currently required

Question:

A distribution to an estate’s sole beneficiary for the calendar year equaled $15,000, the amount currently required to be distributed by the will. The estate’s records showed the following. What amount of the distribution was taxable to the beneficiary?

Estate Income

Taxable interest $40,000

Estate Disbursements

Expenses attributable to taxable interest $34,000

a. $40,000

b. $15,000

c. $6,000

d. $0

Distribution
The word "distribution" has several meanings in the financial world, most of them pertaining to the payment of assets from a fund, account, or individual security to an investor or beneficiary. Retirement account distributions are among the most...

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