Respond to the following questions and submit your answers in a Word Document to the Unit 5: Assignment Dropbox. Remember to review and reference the applicable sections of the Tax Code, including Publications 990 and 990-PF.
1. Explain your answer.
2. In relation to charitable contributions and distribution of income, explain two features that distinguish a simple trust from a complex trust.
3. What purpose is served by the distributable net income (DNI) of a trust?
4. Explain how the net investment income surtax is calculated for a trust.