Question: In the current year, the Penguin Trust has $ 5 0 , 0 0 0 of interest income and distributes $ 3 0 , 0

In the current year, the Penguin Trust has $50,000 of interest income and distributes $30,000 to the sole beneficiary.
What is the amount of trust income taxed for the current year, if any, before any exemption amount?

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