Don't copy chegg answer. The RoughEdge Trust reports $45,200 of net investment income (NII)...
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Don't copy chegg answer. The RoughEdge Trust reports $ of net investment income NII & $ in net profits from an active business operation for RoughEdge retains all of the business profits but, under the terms of the trust agreement, distributes $ cash from the NII to its sole beneficiary Elana. Round your final answer to the nearest dollar. The trust's liability under the additional tax on NII is $
Don't copy chegg answer.
The RoughEdge Trust reports $ of net investment income NII & $ in net profits from an active business operation for RoughEdge retains all of the business profits but, under the terms of the trust agreement, distributes $ cash from the NII to its sole beneficiary Elana.
Round your final answer to the nearest dollar.
The trust's liability under the additional tax on NII is $
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