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  3. a trust reports the following results: dividend

A trust reports the following results: Dividend income $20,000 Capital gains 10,000 Tax-exempt...

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Accounting

A trust reports the following results:

Dividend income $20,000

Capital gains 10,000

Tax-exempt interest 10,000

Trustee fees 3,000

All of the items above are allocated to income. Calculate the maximum amount of trustee fees that are deductible.

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