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GaryK [48]
2 years ago
10

which of the following is not a requirement of the unlimited marital deduction? a.in order to claim a marital deduction on the 7

06, the decedent must have been married as of the date of his death. b.the surviving spouse must receive property through the estate. c.the surviving spouse must be a u.s. citizen. d.the gross value of qualifying property left to the surviving spouse is included in the marital deduction.
Business
1 answer:
tamaranim1 [39]2 years ago
5 0

The gross value of qualifying property left to the surviving spouse is included in the marital deduction. This is not a requirement of the unlimited marital deduction.

Hence, option D is the correct answer.

Unlimited marital deduction is a clause that enables a person to give their spouse limitless property at any time. This clause belongs to the federal estate of the United States. No limitation on the transfer of property is imposed.

There is no requirement for the gross value of the property that is kept for the surviving spouse under the unlimited marital deduction.

Option a is wrong because a husband and wife must be married in order to qualify for the unlimited marital deduction, this choice is incorrect.

Option b is improper since the property should be passed to the spouse through real estate under unlimited marital deductions.

Option c is erroneous because, in order to qualify for the unlimited marital deduction, the surviving spouse must be a citizen of the United States.

To know more about unlimited marital deduction: brainly.com/question/17983054

#SPJ4

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As a sales clerk for a national chain that sells outdoor gear, Joanna is at the lowest level in the organizational hierarchy. Ne
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Answer: Decentralized structure

         

Explanation: In simple words, it refers to the organisational structure in which most of the decisions regarding the operations are made by the managers working on mid and lower level. The top managers in such a structure takes only those decisions which are of highest priority to the organisation.

In the given case, Joanna is the lower level managers but still contributes frequently in decision making.

Hence we can conclude that her organisation has decentralized structure.

4 0
4 years ago
A product's price will increase the most if:<br>​
pav-90 [236]

Answer:

Demand is high and if the manufacturing prices increase

5 0
2 years ago
The Davidson Corporation's balance sheet and income statement are provided below. Please answer the following questions:
Katen [24]

A

im jus getting points

8 0
4 years ago
Take It All Away has a cost of equity of 11.17 percent, a pretax cost of debt of 5.32 percent, and a tax rate of 40 percent. The
frozen [14]

Answer:

WACC=(Ke*E+D*Kd)/(E+D)

Explanation:

Ke (Cost of Equtiy)=11.17%

Kd (Cost of Debt)=5.32%

E (Market value of Equity)=?

D(Market Value of Debt)=65

If D market value is 31% of Total Market value of company  so by grossing up D We get E+D=65/.31=210. So E=210-65=145

WACC=(Ke*E+D*Kd)/(E+D)

WACC=(11.17%*145+65*5.32%)/(145+65)

WACC=(16.2+3.5)/(210)

WACC=9.36%

3 0
3 years ago
Quad Enterprises is considering a new three-year expansion project that requires an initial fixed asset investment of $2.31 mill
Mariana [72]

Answer:

$115,849.581

Explanation:

For computing the net present value first we have to do following calculations

Annual depreciation expense is

= (Cost - Salvage value) ÷ Useful life

= ($2.31 million ÷ 3)

= $770,000

Now

Annual Operating cash flow = (Sales - Costs) × (1 - tax rate) + Tax savings on Annual depreciation

= ($1,785,000 - $695,000) × (1 - 0.25) + (0.25 × $770,000)

= $817,500 + $192,500

= $1,010,000

Now Present value of annuity is

= Annuity × [1 - (1 + interest rate)^ -time period] ÷ rate  

= $1,010,000 × {1 - (1.12)^-3] ÷ 0.12

= $1,010,000 × 2.401831268

= $2,425,849.581

So, Net present value  is

= Present value of inflows - Present value of outflows

= $2,425,849.581 - $2,310,000

= $115,849.581

3 0
3 years ago
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