Question: (a)Is the family trust a complying trust, a foreign trust or a non-complying trust? (b)How will the trust income be taxed? (c)Calculate the tax payable

(a)Is the family trust a complying trust, a foreign trust or a non-complying trust? (b)How will the trust income be taxed? (c)Calculate the tax payable by Toni and James (excluding any tax credits). (d)Would your answer to (b) and (c) differ if instead, James was 13 years of age

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