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which of the following is not permitted net income crut? a flip crut. b. niacrut. c....

which of the following is not permitted net income crut? a flip crut. b. niacrut. c. nicrut, d nimcrut

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Solution: Answer: b. niacrut. Explanation: There is no Crut with name NIACRUT, although there is NICRUT and other given options. NICRUT - in this case, receiptant received the lessor of trusts net income for that year or fixed percentage of trust assets valued annually.

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