Question $8($Chapter $30)$

A trust has $$176,000$ operating income, $$90,000$ operating expenses, $$32,000$ capital gain $($allocated to

corpus$),$ and $$7,000$ trustee fees $($allocated to corpus$).$ The trust is a simple trust and has four

beneficiaries.

$($a$)$ How much income is each beneficiary entitled to receive?

$($b$)$ What is the trust's DNI?

$($c$)$ What is the trust's taxable income?

$($d$)$ How much income does each beneficiary report on her tax return?