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3 years ago

You could give any number of people__________ per year without having to pay any gift taxes,

Business

1 answer:

MakcuM [25]3 years ago

3 0

The correct answer is $15,000.

For 2019 the maximum amount that you can give as a gift tax free is $15,000 per person. There is a lifetime maximum for the gift tax, with is $11.4 million dollars in 2019. This is called the lifetime exemption.

You might be interested in

Lisa sells kitchen furniture through her website. While her sales are stable, she's concerned that they're not keeping pace with

Kamila [148]

Answer:

a. Her business will have a competitive presence with similar businesses during searches.

Explanation:

Potential customers will be searching for furniture through Google, <em>by creating a Google Search campaign Lisa will gain presence during this search and she'll increase the visitors on her website and therefore this will benefit her business.</em>

I hope you find this information useful and interesting! Good luck!

7 0

3 years ago

Read 2 more answers

A fire destroyed some of Cholla, Inc.’s records. Information from the documents found related to inventory is listed below. Endi

sineoko [7]

Answer:

$860,400

Explanation:

Cholla, Inc.’s

Cost of goods sold = Beginning inventory + Purchases − Ending inventory

Purchases = Cost of Goods Sold − Beginning Inventory + Ending Inventory

Cost of Goods Sold $801,000

Less Beginning Inventory ($77,400 )

$723,600

Add Ending Inventory $ 136,800

Amount of inventory purchased $860,400

Therefore the amount of inventory that was purchased during the year was $860,400.

Mean while the consignment inventory is not owned by the company and is not as well considered in the Cost of Goods Sold equation.

3 0

3 years ago

Rafael earned a salary of 34,944 last year. How much did he earn a month

sashaice [31]

34,944 ÷ 12 = 2,912
He earned $2,912 a month which would add up to his year salary being $34,944

8 0

4 years ago

Read 2 more answers

A(n) ________ collects data from various key business processes and stores the data in a single comprehensive data repository, u

kotykmax [81]

Answer: Enterprise System.

Explanation:

An enterprise system is a software system used by an organization to gather information/data from different departments in the organization: The information gathered can be easily accessed or used by the different departments of the organization.

8 0

3 years ago

The debt has an interest rate of 8.50% (short term) and 10.50% (long term). The expected rate of return on the company's shares

viva [34]

Answer:

Re = 16.02%

Explanation:

current stock price 36 x 7,660,000 = 275,760,000

cost of equity = 17.5%

current short term debt = 141,600,000

cost of short term debt = 8.5%

current long term debt = 210,600,000

cost of long term debt = 10.5%

total financing = 627,960,000

equity = 275,760,000 / 627,960,000 = 0.4391
short term debt = 141,600,000 / 627,960,000 = 0.2255
long term debt = 210,600,000 / 627,960,000 = 0.3354

WACC = (0.4391 x 0.175) + (0.2255 x 0.085 x 0.75) + (0.3354 x 0.105 x 0.75) = 0.0768 + 0.0144 + 0.0264 = 0.1176 or 11.76%

under the new structure:

total financing = 627,960,000

equity = 325,760,000 / 627,960,000 = 0.5188
short term debt = 141,600,000 / 627,960,000 = 0.2255
long term debt = 160,600,000 / 627,960,000 = 0.2557

assuming WACC remains unchanged:

0.1176 = (0.5188 x Re) + (0.2255 x 0.085 x 0.75) + (0.2557 x 0.105 x 0.75) = (0.5188 x Re) + 0.0144 + 0.0201 = (0.5188 x Re) + 0.0345

0.5188 x Re = 0.1176 - 0.0345 = 0.0831

Re = 0.0831 / 0.5188 = 0.1602 or 16.02%

4 0

3 years ago