Trevor is a trustee of a resident trust estate by deed. The net income from...
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Accounting
Trevor is a trustee of a resident trust estate by deed. The net income from trust was $80,000 and is shared equally between 2 beneficiaries: Neville aged 23 and Dianne aged 13 years respectively. During the year Neville has earned a salary of $10,000 and Dianne and interest income of $1,000. Calculate the tax payable by trustee and each beneficiary.
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