Sarah Block is holding debt securities that produce interest income of $110,000 per year. She has other sources of income in excess of $250,000. She has two children. Her daughter, Jerri, is 22 years old and currently has no income that is subject to tax. Jerri’s only tax credit is the basic personal credit. Sarah’s son, Mark, is 26 years old. He is married and his wife has no income of her own. Mark has annual net rental income of $48,000. The trust will be required to distribute all of its income on an annual basis. Determine the savings in federal taxes that could be achieved by transferring the debt securities to a family trust with her two children as equal income beneficiaries. Assume that Mark’s only tax credits are the basic personal credit and the spousal credit and that none of the income received by the beneficiaries will be subject to the TOSI.