Question: 1. USE THE FOLLOWING INFORMATION FOR PROBLEMS 4 THROUGH 8 A simple trust has one income beneficiary. Its accounting income is $9,000, including $6,000

1. USE THE FOLLOWING INFORMATION FOR PROBLEMS 4 THROUGH 8 A simple

1. USE THE FOLLOWING INFORMATION FOR PROBLEMS 4 THROUGH 8 A simple trust has one income beneficiary. Its accounting income is $9,000, including $6,000 taxable interest, $4,000 exempt Interest, and $1,000 administration expense. No other trust activities occurred during the year. 4. The beneficiary received from the trust: a. $6,000. b. $8,700. C. $9,000. d. . $10,000. 5. The deduction allowable to the trust for administration expense is: $0. $400. 8. b. C. $600. d. $1,000. 6. 8. Distributable net income is: $6,000. b. $7,100. c. $9,000. d. $10,000. 7. a. The trust's deduction for distributions to beneficiaries is: $5,100. b. $5,400. c. $5,600. d. $7,100. e. $9,000. 8. Taxable income of the trust is: a. ($300). b. $0. C. $1,000. d. $5,000. :

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