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NeTakaya
3 years ago
6

Three institutions that deal with human rights violations

Business
1 answer:
Jet001 [13]3 years ago
4 0
<span>European Union.Council of Europe.<span>Organisation of American States (OAS)</span></span>
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Nathan and Diana are married and have three married children and seven minor grandchildren. For tax year 2020, what is the maxim
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Answer:

Maximum amount that can be given to family (including the sons- and daughters-in-law) without using unified transfer tax credit is $390,000.

Explanation:

Given the data in the question;

Nathan and Diana are married and they have 3 married children, meaning Nathan and Diana also have 3 daughters/sons in law married to their children. In addition, they have 7 minor grand children.

Number of donees will be ⇒ 3 + 3 + 7 = 13

Now, we know that; The annual gift tax exclusion for 2019-2020 is $15,000 per donee or individual for every tax payer while that of married couple is $30,000.

Meaning Nathan and Diana can give $30,000as a gift to each of their family members without using any of their unified transfer tax credit.

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Maximum amount that can be given to family (including the sons- and daughters-in-law) without using unified transfer tax credit will be;

⇒ 13 × $30,000

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