1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vesnalui [34]
3 years ago
12

John and Joan are married and want to make cash gifts to their children (2), their children's spouses (2), and their grandchildr

en (4). On December 31, 2018, they gift $15,000 to each child, each spouse of each child, and to each grandchild. How much is subject to gift tax on which tax will actually be paid?
$15,000.00
None of the other choices are correct
$0.00
$240,000.00
$480,000.00
Business
1 answer:
IgorLugansk [536]3 years ago
3 0

The answer is $0.00 (third option).

Explanation:

During the year of 2018, the annual exclusion of both federal and state tax to cash gifts was up to $15,000 per individual. <em>Annual exclusion</em> means that there's up to a certain amount of money that can be gifted without being taxable. In this case, John and Joan's cash gift falls within the limit.

When couples gift money to their family members, the limit is precisely $15,000 per relative, individually; meaning the can gift up to a total of $60,000 without being subject to gift tax.

You might be interested in
Refer to Scenario 19.2. BASF has decided to offer discounts to its businesses customers in the form of the following: For each o
frutty [35]

Answer:

cumulative discounts

Explanation:

Options:

  • A) allowance
  • B )cash
  • C) seasonal
  • D) noncumulative
  • E) cumulative

A cumulative discount refers to a company offering a discount in the sales price of an item or items if the total purchase is higher than a certain threshold. It is similar to offering discounts for buying in bulk (which refers to quantity), only that this type of discount is offered to customers that purchase over a certain amount of money.

6 0
3 years ago
Al files for bankruptcy. Al has been making loan payments to his company's credit union through payroll deductions. After being
kramer

Answer:

A. Is in violation of the bankruptcy code.

7 0
3 years ago
National Advertising just paid a dividend of D0 = $0.75 per share, and that dividend is expected to grow at a constant rate of 6
Temka [501]

Answer:

$8.78

Explanation:

National advertising made dividend payment of $0.75 per share

The dividend is expected to grow at a constant rate of 6.50%

= 6.50/100

= 0.065

The company beta is 1.85

The required return on the market is 10.50%

The risk free rate is 4.50%

The first step is to calculate the rate of return using the CAMP model

R = Risk free rate+beta(market return-risk free rate)

= 4.50%+1.85(10.50%-4.50%)

= 4.50%+1.85×6%

= 4.50%+11.1

= 15.6

Required rate of return= 15.6

Therefore the current stock price can be calculated as follows

Po= Do(1+g)/(r-g)

Where Do= 0.75, g= 0.065, r= 15.6

Po= 0.75(1+0.065)/(0.156-0.065)

Po= 0.75(1.065)/0.091

Po= 0.7987/0.091

Po= $8.78

Hence the company current stock price is $8.78

3 0
3 years ago
The negative feeling that one should have made another purchase, consumption, or disposition decision than one actually did is r
marta [7]

Post-decision regret corresponds to the negative feeling that an individual should have made a different purchase decision than he actually did.

<h3 /><h3>What causes post-decision regret?</h3>

In a purchase process, the consumer looks for products and services that satisfy their needs. After the purchase is made, regret may arise if the product or service does not satisfy those needs.

Therefore, post-purchase decision regret can be related to a negative perception of the benefits of the product and its quality, for example.

Find out more information about the purchase process here:

brainly.com/question/5295378

6 0
2 years ago
The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity i
victus00 [196]

Answer:

Quantity variance.

Explanation:

The difference between actual and standard cost caused by the difference between the actual quantity and the standard quantity is called the Quantity variance.

For instance, if Tony needs a standard quantity of 50 pounds of iron to construct a burglary, but only used 51 pounds, then the quantity variance is 1 pound of iron.

<em>Hence, the quantity variance is simply the difference between the actual quantity of materials that should be used and the quantity of materials that was used. </em>

5 0
3 years ago
Other questions:
  • A company has the following annual budget data: Beginning finished goods inventory 53,000units Sales 83,000units Ending finished
    5·1 answer
  • A particular stock sells for $43.20 share and provides a total return of 11.6 percent. The total return is evenly divided betwee
    12·1 answer
  • The main difference between companies following a broad low-cost strategy and those following a focus low-cost strategy is in th
    6·1 answer
  • Determine the future value if $5,000 is invested in each of the following situations: 7 percent for seven years $8,130 $8,031 $8
    10·1 answer
  • Southern Georgia school district is considering ordering 48 ​propane-fueled school buses.​ "They're healthier,​ they're cleaner​
    11·1 answer
  • A small company heats its building and spends ​$7 comma 800 per year on natural gas for this purpose. Cost increases of natural
    6·1 answer
  • Question 12 (3.333333333 points)
    11·2 answers
  • An increase in supply is illustrated by a supply curve sifting to the right
    7·1 answer
  • Matt observes that "there is a high correlation between educational attainment and the level of income." Jean concurs and adds t
    7·1 answer
  • The ______ is a roadmap that displays how all the specific activities fit together to accomplish the project work scope.
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!