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n200080 [17]
2 years ago
13

In 2018, Joshua gave $15,000 worth of XYZ stock to his son. In 2019, the XYZ shares are worth $25,000. If Joshua had not given h

is son the stock in 2018 and held onto it instead, how much more would his estate have been worth than if he had made the gift
Business
1 answer:
Nata [24]2 years ago
5 0

Joshua will not be responsible for paying any gift tax since the value of the share is precisely 15,000. In the year 2019, each share is worth a total of $25,000.00. Because there is no tax on gifts, the value of Joshua's inheritance would have been increased by $25,000 if he had not given the stock to his son in 2018, but instead kept it for himself. This is further explained below.

<h3>What is Internal Revenue Service?</h3>

Generally, The Internal Revenue Service is in charge of collecting taxes for the country and enforcing the Internal Revenue Code that Congress passed.

In conclusion, It has come to light that Joshua made a gift of XYZ shares worth $15,000 to his kid during the year 2018. This is regarded as a gift and hence may be subject to gift taxation. On the other hand, the Internal Revenue Service will not tax any gifts up to the value of $15,000 given in 2018.

Read more about Internal Revenue Service

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Answer:

C. $190,000

Explanation:

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here, we ill find first share in equity income and depreciation expenses on undervalue equipment to reach the i ncome reported on Income statement

Share in equity income = Net income × Interest

= $500,000 × 40%

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Depreciation expenses on undervalue equipment = undervaluation ÷ Number of years × Interest

= $250,000 ÷ 10 × 40%

= $10,000

Income reported on Income statement = Share in equity income -Depreciation expenses on undervalue equipment

= $200,000 - $10,000

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4 0
3 years ago
Jobs in the skilled labor category require what?
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3 years ago
4. Consumption as a component of GDP refers to the expenditure of A. banks. B. household. C. producers. D. government.
aniked [119]
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3 0
3 years ago
Greengage, Inc., a successful nursery, is considering several expansion projects. All of the alternatives promise to produce an
Ilia_Sergeevich [38]

Answer:

A. Project A

B. Project A has lowest Standard Deviation

C. Project D

Explanation:

A.

The higher the range, the more risky the project is. Based on the table, project A has the smallest range, and therefore is the least risky based on range.

B.

The standard deviation is not scale-free, i.e. it is not adjusted for the level of returns. Hence, a project that has the same distribution of returns, but a higher average return, will have a higher standard deviation. But the project is not any more risky. Hence, the standard deviation might not be an appropriate measure of risk.

C.

The Coefficient of Variation (CV) is calculated as follows:

CV = Standard deviation / expected return

Applying this formula, the coefficient of variation for each project is:

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Based on the coefficient of variation, project D has the lowest coefficient. It means that the project has the lowest risk per unit of return generated, and thus is the best project and should be chosen.

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3 years ago
Which of the following is not considered a legitimate expense of a partnership? a Interest paid to partners based on the amount
never [62]

Answer:

a Interest paid to partners based on the amount of invested capital.

Explanation:

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Interest paid based on invested capital is considered a distribution of profit by the business and not an expense. This is similar to sharing profit to shareholders in a company.

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