The Yellow Trust incurred $10,000 of portfolio income. Its corporate trustee paid fiduciary fees of $1,000 there from, and also paid $1,000 in premiums for a life insurance policy on Marcia,the grantor of the trust. How much gross income does Marcia include with respect to these trust activities?
A)$800.
B)$1,000.
C)$8,000.
D)$9,000.
E)$10,000.

Answer rating: 100% (QA)

ANSWER B 1000 Explanation 1000 gross income Marcia i... View the full answer