An estate has the following income 14 Rental income 7600 Int

An estate has the following income: 14 Rental income $7,600 Interest income Dividend income 4,300 10 points 2,300 eBook The interest income was immediately conveyed to the appropriate beneficiary. The dividends were given to charity as per the decedent\'s will. What is the taxable income of the estate? Multiple Choice $11,900. $13,600. $7600 $7000

Solution

Rental Income 7600

Interest income 4300

Dividend income 2300

Total income 14,200

Less: Interest income given to beneficiary 4300

Less: Dividend given to charity 2300

Less: Personal exemption 600

Taxable Income = $7000