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QUESTION 15 Julie is the beneficiary of a discretionary trust

Accounting

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QUESTION 15

1. Julie is the beneficiary of a discretionary trust. She is 20 years old. Last year, she received a $3,000 distribution from the trust. Julie had no other sources of income for the year.

   Who is liable for tax on Julie's trust income?

   		Her parents
   		Julie
   		No one
   		Trustee of the trust