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3 years ago

If someone give gift to his wife of 255000 how much is taxable

Business

2 answers:

padilas [110]3 years ago

8 0

I do believe that gifts to a spouse are exempt from any gift tax. So $0 is taxable.

irakobra [83]3 years ago

8 0

Whether of the same sex or the opposite sex, there is an UNLIMITED amount of gifts a spouse can give to the other without there being a gift tax. So you can gift ANY amount and there will no be tax. However, the gift is still taxable beyond the $15,000 annual exclusion. $255,000 - $15,000 = $240,000.

Therefore, the giver gave $240,000 in taxable gifts and pays $0 gift taxes.

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Rajiv loves watching Downton Abbey on his local public TV station, but he never sends any money to support the station during it

daser333 [38]

Answer:

free rider

true

Explanation:

The free rider problem is a form of market failure. It occurs when people benefit from a good or service of communal nature and do not pay to enjoy these services.

Downtown abbey can be classified as a public good, if it is made a private good, the problem would be solved

A public good is a good that is non excludable and non rivalrous.

A private good is a good that is excludable and rivalrous. They are usually exchanged in the market by private sector businesses. It

6 0

3 years ago

An oil and gas producing company owns 42,000 acres of land in a southeastern state. It operates 630 wells which produce 18,000 b

valkas [14]

Answer:

The bid amount should be $13,200,264.

Explanation:

An oil and gas producing company owns 42,000 acres of land in a southeastern state.

It operates 630 wells which produce 18,000 barrels of oil per year and 1.7 million cubic feet of natural gas per year.

The revenue from the oil is $1,800,000 per year and for natural gas the annual revenue is $581,000 per year.

Total Annual Revenue

= Revenue from oil + Revenue from gas

= $1,800,000 + $581,000

= $2,381,000

The bid amount should be the present worth of total annual revenue.

Present Worth of total annual revenue

= $Revenue \times\ \frac{( 1 + i )^{n} -1 }{i (1 + i)^{n} }$

= $$2,381,000\ \times\ \frac{( 1 + 0.11 )^{9} -1 }{0.11 × (1 + 0.11)^{9} }$

= $$2,381,000\ \times\ \frac{( 1.11 )^{9} -1 }{0.11 × (1.11)^{9} }$

= $$2,381,000\ \times\ \frac{2.5580 - 1 }{0.11 × 2.5580 }$

= $$2,381,000\ \times\ \frac{1.5580 }{0.281}$

= $$2,381,000\ \times\ 5.544$

= $13,200,264

7 0

3 years ago

A situation occurring when the value of a nation’s exports exceeds the value of its imports is called a trade surplus.

Dafna11 [192]

Answer:

hey matthew

Explanation:

Is TRUE.

Trade Surplus. A trade surplus is an economic measure of a positive balance of trade, where a country's exports exceed its imports. A trade surplus occurs when the result of the above calculation is positive. A trade surplus represents a net inflow of domestic currency from foreign markets.

6 0

3 years ago

Read 2 more answers

2. What kind of good is it? Determine whether each of the following goods is a private good, a public good, a common resource, o

erastovalidia [21]

Answer:

1- A cabana along a beach that is open to the public --- Common resource

2- A new drum set for you to play in your friend's band --- Private good

3- A large, beautiful statue in a town square --- Public good

Explanation:

1- Common resources are goods that are not excluded, but are rival. Not excluded means that no restrictions can be imposed on the use, such as paying a price, for example because there is no personnel or technical provision available to enforce this.

2- Private goods are defined as goods that are excluded and rival. Private goods are the opposite of public goods.

Excluded means that some consumers can be excluded from the use of this good. For example: Someone has bought a good and decides who uses the good.

In turn, rival means that, if used properly, it cannot be consumed again or simultaneously by others.

3- A public good is a commodity or service characterized by two basic characteristics: non-rivalry and non-excludability.

Non-rivalry means that a person's consumption of a commodity does not affect the quantity or quality of the same commodity that another person can consume.

Non-excludability means that it is impossible to exclude anyone from the consumption of an item (for example, because it did not pay for the item). Goods that hold only one of the properties are called semicollective goods, while the goods that possess both properties are called genuine collective goods.

5 0

3 years ago

Kimberly-Clark developed its Avert Virucidal tissues that contained vitamin C derivatives, which were scientifically designed to

kicyunya [14]

Answer:

<em>Explained below !</em>

Explanation:

<em>The major cause for the failure of the product was</em> its absence of a product protocol that directly explains the way through which it will satisfy the customers needs and wants.

The company should have re-checked the product before it was globalized all over, the mistake that was made by the company stood up as a reason of the products failure.

7 0

3 years ago