The distributable net income for the Sampson estate is $30,000 including $4500 of tax exempt...
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Accounting
The distributable net income for the Sampson estate is $30,000 including $4500 of tax exempt interest income if the executor distributes $10,000 to the beneficiaries in a year other than the final year what amount may be taken as a distribution deduction?
A) $5,500
B) $8,500
C $25,500
D) $30,000
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