Lucas is the trustee of burrows family trus.Lucas decides to make his sister Tracey(a beneficiary)presently entitled to

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Lucas is the trustee of burrows family trus.Lucas decides to make his sister Tracey(a beneficiary)presently entitled to $900 of the trust income for the 2021 tax year .Tracey is 17 years old.

Discuss the consequences for Lucas and Tracey in regard to the trust distribution

(2) Tracey also have $21,000 from working at Nodo Donuts making coff for the Nodo customers.

calcul Tracey's basic income tax liability assuming that she does not have any deductions

Related Book For answer-question

Smith and Roberson Business Law

ISBN: 978-0538473637

15th Edition

Authors: Richard A. Mann, Barry S. Roberts

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Posted Date: Feb 14, 2024 03:30 AM

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Lucas is the trustee of burrows family trus.Lucas decides to make his sister Tracey(a beneficiary)presently entitled to

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1Consequences for Lucas and Tracey regarding the trust distribution Lucas as the trustee has the aut... View the full answer

Smith and Roberson Business Law

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