20. _________________________ ____________________ ____________________ is the maximum amount that can be included in the beneficiaries” gross incomes from the fiduciary for the year. ANS: Distributable net income PTS: 1 REF: p. 28-17 21. A fiduciary assigns its tax credits to beneficiaries corresponding to the disposition of its ____________________ ____________________ for the year. ANS: accounting income PTS: 1 REF: p. 28-20 22. A ____________________ tier distribution is one that must be made by the fiduciary to the beneficiary. ESSAY 1. Are estates and trusts taxed like individuals? Corporations? Partnerships?