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soldier1979 [14.2K]
3 years ago
9

If the donor dies in the year in which a gift is made, the gift tax return

Business
1 answer:
Likurg_2 [28]3 years ago
8 0
<span> Where a gift is made during the calendar year in which the donor dies, the last date for paying the tax required shall be the last date, including extensions, for filing the estate tax return under chapter 217 with respect to such donor.</span>
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You just took out a​ $12,000 loan for your small business. the loan has a four year term and repayment is in the form of four eq
umka2103 [35]
Answer:  $403.20

Explanation:


We use a mortgage calculator to calculate the interest paid in the final payment. Since each repayment is made at the end of year, the repayments are annual payments. So, the calculator should have an annual amortization schedule to solve the problem.

I used http://www.calculator.net/loan-calculator for the calculation because it has an annual payment schedule. Then, I went under the subtitle Paying Back a Fixed Amount Periodically because the payments are equal. In that online calculator, I just input these data:

- Loan Amount: $12,000
- Loan Term: 4 (Loan term is number of years to pay the loan)
- Interest Rate: 11.5%
- Compound: Annually (APY) 
- Pay Back: Every year

Then, I clicked the calculate button and view amortization table. The annual amortization schedule is attached in this answer. 

To determine the interest paid at the final payment, I looked at payment #4 because the final payment is at the 4th year. (The loan is paid in 4 annual payments).

As seen in the attached image, the interest paid in payment #4 is $403.20. Hence, the interest paid in the final payment is $403.20.

3 0
3 years ago
There is a 3 percent error rate at a specific point in a production process. If an inspector is placed at this point, all the er
xenn [34]

Answer:

Yes the inspector should be hired

Explanation:

Defective average = 0.03

inspection rate = 30 per hour

Cost of inspector = 8 per hour

Correction cost is $10 each

No inspection = 9/30

= 0.300

Inspector = 8/30

= 2.67

Yes the inspector should be hired

5 0
2 years ago
(a) Where the parent company does not hold 100 percent equity of the subsidiary company, what portion of the intra-group transac
emmainna [20.7K]

Answer:

Follows are the solution to this question:

Explanation:

In point a:

If the parent firm doesn't hold the conglomerate's equity stake, depreciation expense acknowledged by the parent company's owner and expenditures shall be removed throughout the consolidated statement of financial position. Its combined cash flow deletes debts previously recognized as assets for both the parent corporation and as debts for all the subsidiaries to offer a real and equal view. All the intragroup balance should be removed to avoid double-counting of financial assets resulting from payments in between the group's members.

In point b:

If a parent company has a stake in a subsidiary that is called noncontrolling interest over 50%, but less than 99 percent. Its parent company shall report a different non-controlling interest line on the income statement and revenue report to reveal its noncontrolling interest.

In point c:

Its Group of non - management Concerns may not claim responsibility mostly on a share of a benefit, doesn't have any influence from over parent's decision. Intra-group payments in a word-level shall be removed.

In point d:

Its NCI share of the opening in net assets of the subsidiary + NCI share of even an amortization fair value + NCI profits due to NCI - (dividend payable to the noncontrolling shareholder) = unlawful interest at the date of the merger is three steps for the calculation of total the uncontrol value.

7 0
2 years ago
What to do if you have a student whos bad
STALIN [3.7K]
Maybe punishment and let inform he’s parents
7 0
3 years ago
On September 1, the board of directors of Colorado Outfitters, Inc., declares a stock dividend on its 16,000, $7 par, common sha
Otrada [13]

Answer:

See the answers and explanation below.

Explanation:

a. the necessary journal entries assuming a small (10%) stock dividend

<u>Date       Details                                                           Dr ($)            Cr ($)</u>

Sept. 1    Stock Dividends (16,000 * 36 * 10%)               57,600

              Common Stock (16,000 * 7 *10%)                                      11,200

              Additional Paid-in Capital - Common Stock                    46.400

<u><em>               To record a small (10%) stock dividend on common stock.    .</em></u>

b. the necessary journal entries assuming a large (100%) stock dividend

<u>Date       Details                                                          Dr ($)            Cr ($)</u>

Sept. 1    Stock Dividends (16,000 * 7 * 100%)              112,000

              Common Stock (16,000 * 7 *10%)                                      112,000

<u><em>               To record a large (100%) stock dividend on common stock.   .</em></u>

c. the necessary journal entries assuming a 2-for-1 stock split.

"No journal entry required"

Note: Although no journal entry is required here but the number of common stock will increase to 32,000 (i.e. 16,000 * 2 = 32.00).

6 0
3 years ago
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