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Nikitich [7]
3 years ago
6

Mr. C made the following gifts: $12,000 to a university to pay tuition costs for his niece. An undeveloped tract of land to his

sister that had an adjusted basis to Mr. C of $4,000 and a fair market value of $25,000. Various shares of stock to his wife that had an adjusted basis to Mr. C of $15,000 and a fair market value of $40,000. Mr. C did not consent to gift-splitting. What is the total amount of taxable gifts
Business
1 answer:
Nonamiya [84]3 years ago
5 0

Answer:

$10,000

Explanation:

Gifts are only taxed when their fair market value is higher than $15,000. Any gifts made to your spouse are not taxable. Gift taxes are calculated on a  per person base, as long as they do not exceed the lifetime exemption (which is $11.58 million).

The tuition costs of her niece are not taxable since they are less than $12,000. The stocks given to his wife are not taxable either. The only taxable gift is the land given to his sister which had a FMV of $25,000. The taxable amount = $25,000 - $15,000 = $10,000

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If an economy experiences deflation, the real interest rate will be greater than the nominal interest rate. will be negative whe
GaryK [48]

Answer:

will be greater than the nominal interest rate.

Explanation:

Inflation can be defined as the persistent general rise in the price of goods and services in an economy at a specific period of time.

Generally, inflation usually causes the value of money to fall and as a result, it imposes more cost on an economy.

Deflation can be defined as a fall or decrease in the overall price level of goods and services in an economy, so that inflation becomes negative while causing an increase in the purchasing power of a currency. Thus, an economy experiences a deflation when its inflation rate becomes negative i.e falls below zero percent (0%).

Furthermore, if an economy experiences deflation, the real interest rate will be greater than the nominal interest rate due to a negative inflation.

Mathematically, deflation is given by the formula;

Real interest rate - Nominal interest rate = - Inflation

6 0
3 years ago
No matter what way you approach raising money for your business, you will need a ________. written business plan family investme
Alborosie

Answer:

The correct answer is letter "A": written business plan.

Explanation:

A business plan outlines the objectives a company wants to achieve and the strategies it decided to use for such purpose. Business plans are set after the company has identified and recorded the core competencies and resources it has to make the project become reality. Business plans are useful to establish the steps an organization should follow to accomplish every firm's ultimate goal: <em>generate profit</em>.

3 0
4 years ago
Joe Jones is aware of wrongdoing and unethical behavior within the manufacturing company where he works. Before Jones blows the
irina1246 [14]

Answer:

D. Will the Jury award be worth it?

Explanation:

Jones asking himself if whistle blowing is the only way to stop unethical behavior and wrong doing before making decision whether or not to whistleblow is important, as if there are alternative measures to be taken that would mitigate those actions, it might be better to take those alternatives.

Same thing with whether he has documentary evidence to back up his accusatory statements and the reason for whistleblowing.

But the one thing that shouldn't have bearing on his decision is if the Jury award would be worth it. Whether or not there's an award for whistleblowing shouldn't be the determinant or driving factor that decides whether or not he should whistleblow. Its unethical to consider the monetary aspect or award gotten from whistleblowing.

7 0
3 years ago
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Yes, as the trees develop and the harvest draws nearer, the farmer will gain from an increase in the value of the  private property.

What do you mean by Private property?

Real estate that is owned by people or organisations other than the government is referred to as private property. Land, buildings, things, and intellectual property are all examples of private property (copyright, patent, trademark, and trade secrets). Private property is often given away, sold, or transferred with the owner's permission.

To learn more about Private property
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3 0
1 year ago
How does managing risk impact your financial future?
Marina CMI [18]

If you don’t manage your risks well and you take too many, you’re less likely to have a well off financial future. This is because you’re more likely to take losses. If you manage your risks well and only take them if you’re more likely to be successful your future financial status is more likely to be better.

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