Question: 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,

USE THE FOLLOWING INFORMATION FOR PROBLEMS 4 THROUGH 8 A simple

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 actlvities occurred during the year. 4. The beneflclary received from the trust: 5. The deduction allowable to the trust for administration expense is: a. $0. b. $400. c. $600. d. $1,000. 6. Distributable net incorne is: a. $6,000. b. $7,100. c. $9,000. d. $10,000. 7. The trust's deduction for distributions to beneficiaries is: a. $5,100. b. $5,400. c. 35,600 . 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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