The Alberts Family Trust, an inter vivos trust, had the following beneficiaries: Candy (aged 45; entitled to 40% of trust income) Dandy (aged 30; bankrupt; entitled to 35% of trust income) Landy (aged 17; entitled to 20% of trust income) The remainder of each year's income was to be retained or distributed at the Trustee's discretion

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The Alberts Family Trust, an inter vivos trust, had the following beneficiaries:

Candy (aged 45; entitled to 40% of trust income)

Dandy (aged 30; bankrupt; entitled to 35% of trust income)

Landy (aged 17; entitled to 20% of trust income)

The remainder of each year's income was to be retained or distributed at the Trustee's discretion. During the 2016/17 tax year trust income was $195,000. A discretionary amount of $7,000 was paid to Landy (this amount was in addition to Landy entitlement under the Trust Deed). The trust also had losses of $15,000 in the 2015/16 tax year. These were to be met out of the trust income. Landy also received interest of $38,000 during the 2016/17 tax year from investments given to him by his parents. Landy is single and is not covered by private health insurance.

l b. Calculate tax payable by the trustee on behalf of Dandy, Landy and the balance of trust net income.

Calculate Tax payable by Trustee on behalf of Dandy:

Calculate Tax payable by Trustee on behalf of Landy:

Calculate Tax payable by Trustee on balance of trust net income:

Calculate Tax payable by Landy only