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 Pub

AC561 : Taxation of Estates and Trusts Unit 5 Assignment Unit 5 Assignment : Details and Rubric 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. Michelle’s trust made charitable contributions amounting to $4,800 in 2016. Is this likely a simple or complex trust? 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. Respond in a Word Document to the Unit 5: Assignment Dropbox. View the ru bric below for grading details. Final Submission Requirements: Responses must adhere to the following formatting guidelines: Microsoft Word document or appropriate reporting application specified in the assignment, double spacing, 12 -point Times New Roman or Arial font, one -inch margins, APA in -text citations and an APA reference list for qualitative responses. Show work for all questions that require computations. Important Note: Re sponses to assignments should be the original work of the student. Responses must adhere to the University’s academic integrity require ments. Unit 5 Assignment : 60 points Assignment Criteria Points Possible Points Earned Content and Focus Includes the main elements, computations, and the question requirements (7pts per question). 28 Analysis and Critical Thinking Provides an excellent in -depth analysis that demonstrates a complete understanding of tax concepts; all related tax concepts are correctly applied (6pts per question). 24 Organization and Presentation Demonstrates excellent college -level organization and style for tax accounting reporting; presents work in Microsoft Word, showing all necessary formulas, computations, and steps whenever applicable (2pts per question). 8 Total for Assignment 60