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DochEvi [55]
3 years ago
5

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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A​ single-price monopoly​ _______. A. experiences economies of scale over the relative portion of the LRAC curve B. is a price t
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3 years ago
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From the given problem data, we have:

Let Y be the random variable which follows the normal distribution.

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Y ~ N(u = 15, SD = 2.4

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P (Y > M) = 0.05   equation 1

Convert this equation 1 into standard normal variable, that is,

P(Y> M) = 0.05

1 -  P(Y \leq M) = 0.05

P(Y \leq M) = 1 - 0.05

P(Y \leq M) = 0.95

P(\frac{Y-u}{SD} \leq \frac{M-u}{SD} ) = 0.95

P ( Z \leq \frac{M - 15}{2.4} )  = 0.95     Equation 2

From the equation 2, we have,

\frac{M-15}{2.4} = 1.644853627  

1.644853627 value is from using the function of Excel

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So,

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Hence, the maximum time guaranteed = 19.04 minutes.

6 0
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