It paid fiduciary fees of 8000 the estate is subject to a, Accounting Basics

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It paid fiduciary fees of 8000 the estate is subject to a

In its first tax year, the Vasquez Estate generated $50,000 of taxable interest income and $30,000 of tax-exempt interest income. It paid fiduciary fees of $8,000. The estate is subject to a 35% marginal estate tax rate and a 40% marginal income tax rate. How should the executor assign the deductions for the payment of the fees?

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Accounting Basics: It paid fiduciary fees of 8000 the estate is subject to a

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Accounting Basics: It paid fiduciary fees of 8000 the estate is subject to a

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