Wht is the exemption for a trust that is required to distribut all of its current income?

The income earned by the trust depends on the income of the individual. Your prosperity as a trustee lies fundamentally in your capacity to figure out what's head and what's salary. Trust is maintained to hold and invest money which can later come in the use of the beneficiaries.

A trust that disperses all its pay is viewed as a straightforward trust. However, there is some exemption on the taxable amount of trust. If the trust retains the income for more than a period of one year then it becomes liable to pay tax. Trusts are not liable for double taxation in any situation.

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answer: b. false

the staff is a set of five horizontal lines and four spaces which represent a different musical pitch. the lines and the spaces are numbered from bottom to top, the bottom line is the first line and the fifth line is the line on the top. the notes on the top of the staff (fifth line) have a higher pitch than a note at the bottom of the staff.