41. Which of the following is not part of accounting principal
a. original trust/estate assets.
b. capital gains.
c. stock dividends.
d. return of capital.
42. The trustee of Bill’s trust is required to pay to Bill’s wife $20,000 per year and, at the trustee’s discretion, may distribute trust income or principal to the other trust beneficiary, Bill’s son. In 2016 the trustee has DNI of $40,000. The trustee distributes $20,000 to Bill’s wife and $50,000 to Bill’s son. How much is Bill’s son taxed on for 2016?