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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:

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Explanation:

Project Management is a discipline that comprehends the organization, planning, motivation, and control of a company's resources to reach objectives established to achieve success in one or many projects within the limits of the corporation.

The main three steps in every project management include project initiation -<em>plan creation</em>, staffing the project -<em>recruiting and selecting project members</em>, and controlling and directing the project -<em>monitoring the project progress</em>.

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3 years ago
Which of the following statements is true if total fixed costs decrease while the sales price per unit and variable cost per uni
Trava [24]

Answer:

D. The breakeven point decreases.

Explanation:

Breakeven point of a business is defined as the point where it's total cost and total revenues are equal, at this point there is no gain or loss. Hen revenue is above this point profit is made, and when revenue is below this point there is loss.

The formula for break-even is

Breakeven point= Total fixed cost/(Sales price per unit- Variable cost per unit)

Since sales price and variable cost is constant, let's say

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It shows that Breakeven point is directly proportional to Total fixed cost.

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3 0
3 years ago
Green T-Shirt Processing has a unit sales price of $20 for their t-shirt. The contribution margin percentage is 70%. If they sol
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Answer:

Net operating income= 88,000

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Giving the following information:

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hope it helps!

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When a competitive equilibrium is achieved in a market
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The answer for this is Letter D. 

<span>An expert in economics says that when the net benefits of all economic businesses are maximized it means the distribution of resources is effective and achieved but there must be one condition to be considered, market’s allocation should be competitive or well functioned.</span>


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3 years ago
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