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Trust W, a simple trust, has taxable interest of $5,000, tax-exempt interest of $10,000, and...

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Question

Accounting

Trust W, a simple trust, has taxable interest of $5,000, tax-exempt interest of $10,000, and a short-term capital gain of $20,000. There are two equal beneficiaries. How much gross income does each beneficiary have from Trust W?
A.
$2,500
B.
$5,000
C.
$12,500
D.
$15,000

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