JadedylaneH5146 JadedylaneH5146

09-05-2024
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Identify which of the following statements is true.
A. Tax-exempt income is allocated among beneficiaries in the proportion that total tax-exempt income bears to total distributable net income (DNI).
B. Both income required to be distributed currently and discretionary income distributions are included in tier-1 distributions.
C. Under the tier system, tier-2 beneficiaries are the first to absorb income.
D. All of the above are false.

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