A trust has the following net income. Franked dividends - $10,000 Franking Credits - $3500 Capital gain - no discount applies - $70,000 Rental income - $105,000 Rental deductions - $35,000 Beneficiary X is specifically entitled to franked dividends and credits and Beneficiary Y is specifically entitled to the Capital Gain. The trust income under The Division 6 trust income will be and the Division 6E trust income will be
A trust has the following net income. Franked dividends - $10,000 Franking Credits - $3500 Capital gain - no discount applies - $70,000 Rental income - $105,000 Rental deductions - $35,000 Beneficiary X is specifically entitled to franked dividends and credits and Beneficiary Y is specifically entitled to the Capital Gain. The trust income under The Division 6 trust income will be and the Division 6E trust income will be
Chapter28: Income Taxati On Of Trusts And Estates
Section: Chapter Questions
Problem 23P
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![A trust has the following net income.
Franked dividends - $10,000
Franking Credits - $3500
Capital gain - no discount applies - $70,000
Rental income - $105,000
Rental deductions - $35,000
Beneficiary X is specifically entitled to franked dividends and credits and Beneficiary Y is
specifically entitled to the Capital Gain. The trust income under The Division 6 trust income
will be
and the Division 6E trust income will be](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F91e2954c-396b-4749-91e3-e93537fa5973%2F9bcec528-bb2e-4444-b52c-33a0a4186bc6%2Ffikn6j_processed.jpeg&w=3840&q=75)
Transcribed Image Text:A trust has the following net income.
Franked dividends - $10,000
Franking Credits - $3500
Capital gain - no discount applies - $70,000
Rental income - $105,000
Rental deductions - $35,000
Beneficiary X is specifically entitled to franked dividends and credits and Beneficiary Y is
specifically entitled to the Capital Gain. The trust income under The Division 6 trust income
will be
and the Division 6E trust income will be
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