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
Tasya [4]
4 years ago
9

Barry and his wife, Mary, have accumulated over $4.1 million during their 50 years of marriage. They have three children and fou

r grandchildren. What is the total amount of estate removed from Barry and Mary's estate in 2017 if they gift the maximum allowable amount to their children and grandchildren without incurring any gift taxes
Business
1 answer:
Mice21 [21]4 years ago
6 0

Answer:

Starting 2019, the federal gift tax exclusion is $15,000 per children or grandchildren. That amount was supposed to be increased with inflation during 2020, but I couldn't find any new amount.

total tax free gifts = ($15,000 x 3 children) + ($15,000 x 4 grandchildren) = $105,000

The $105,000 given today will decrease the $11.4 million lifetime exemption allowed for estate taxes.

You might be interested in
A firm sells two products, Regular and Ultra. For every unit of Regular sold, two units of Ultra are sold. The firm's total fixe
LuckyWell [14K]

Answer:

the firm must sell 37,443 units of Regular and 74,886 units of Ultra

Explanation:

Regular - unit sales price= $20; Variables costs per unit = $8

Ultra - unit sales price= $24; Variables costs per unit = $4

combined contribution margin:

  • 1 unit of regular = $20 - $8 = $12
  • 2 units of ultra = $48 - $8 = $40
  • total = $52

break even point = total fixed costs / combined contribution margin = $1,947,000 / $52 = 37,442.31 ≈ 37,443 units

the firm must sell 37,443 units of Regular and 74,886 units of Ultra

6 0
3 years ago
Randy and Donald were property developers, and they decided to construct a condominium in a certain neighborhood. Jim, who owned
Andre45 [30]

Answer: incidental beneficiary

Explanation:

An incidental beneficiary refers to an individual who isn't a party to a contract but later becomes a third party beneficiary who is unintended to the contract.

It should be noted that the incidental beneficiary has no rights that are enforceable under the contract. With regards to the question, Jim suffered losses as a result, but he had no rights in the contract because he was an incidental beneficiary.

5 0
3 years ago
"A(n) ________ policy is likely to be used where a company notes the inadequacy of local managerial skills and determines a high
lisov135 [29]

Answer:

Ethnocentric

Explanation:

Ethnocentric policy is the staffing strategy used by multinational companies to  assign key positions or managerial position to only home country´s nationals rather than local employee. It help in effective communication between host and home country, it allign the interest of home country with other host country, these policy help in smooth work flow and co-ordination with the headquarter. These companies does not differentiate in policy for foreign and domestic market.

5 0
3 years ago
Anyone have a good name for a sports media company?
Jobisdone [24]
Less go, as if you will offer less money to give them the service
4 0
3 years ago
Explain the four basic costs curves​
Makovka662 [10]

Answer:

<em>The output is represented along OX and cost along OY; AFC curve represents average fixed cost. AVC curve represents average variable cost, ATC curve represents average total cost (i.e., total of AFC and AVC and is called AC, i.e., average cost). MC curve represents marginal cost</em>

Explanation:

<h2>•|ᴥ jess ᴥ|•</h2>

#keep learning

4 0
3 years ago
Other questions:
  • Hyper Color Company manufactures widgets. The following data is related to sales and production of the widgets for last year. Se
    13·1 answer
  • If an organizational manual exists, a description of the division of work and the position shown on the organization chart will
    9·1 answer
  • Peanut butter and jelly are complements in consumption. Assuming that the supply curve of peanut butter is upward-sloping, if th
    6·1 answer
  • River rock company makes spas and hot tubs. sterling files a product liability suit against river rock, alleging a warning defec
    7·2 answers
  • "Recognizing how much effort an employee exerts at work, and the dynamic that not working hard can affect other workers, is an e
    5·1 answer
  • Which of the following series uses commas​ correctly?
    8·1 answer
  • Odeletta Corporation is considering an investment of in a land development project. The investment will yield cash inflows of pe
    12·1 answer
  • The following transactions are for Crane Company. 1. On December 3, Crane Company sold $513, 500 of merchandise to Sheridan Co.,
    14·1 answer
  • Mr. Hopper expects to retire in 30 years, and he wishes to accumulate $1,000,000 in his retirement fund by that time. If the int
    5·1 answer
  • An investment promises to return $1,000 at the end of each of the next 5 years and then $2,000 at the end of each of the next 10
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!