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ASHA 777 [7]
3 years ago
6

Stacey inherits unimproved land (fair market value of $6 million) from her father on June 1, 2019. She disclaims her interest in

the property as follows: one-third on December 1, 2019; one-third on January 3, 2020; and the remaining one-third on May 31, 2020. In all cases, the disclaimers pass the interest to her son (the next heir under state law). The Federal gift tax applies to Stacey for:
Business
1 answer:
Arte-miy333 [17]3 years ago
4 0

Answer:

The disclaimer made on May 31, 2018.

Explanation:

IRS Section 2518(b) regarding Estate and Gift Taxes states:

<em>"A taxpayer may make a qualified disclaimer no later than 9 months after the date on which the transfer creating the interest is made, or the date the person attains age 21." </em>

Since Stacey's interest was created on June 1, 2019, the 9 month grace period ended on March 1, 2020. Therefore the last disclaimer made on May 31, 2020, will be subject to federal gift taxes.

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Graphically, economic growth can be represented by a:a. rightward shift of the aggregate demand curve. b. leftward shift of the
Igoryamba

Answer:

d. rightward shift of the long-run aggregate supply curve.

Explanation:

Economic growth is an increase in the potential output of a country.

The long run aggregate supply curve is a vertical line. Economic growth is shown as a rightward shift of the long run aggregate supply curve.

I hope my answer helps you

8 0
3 years ago
A company's normal selling price for its product is $20 per unit. However, due to market competition, the selling price has fall
AleksAgata [21]

Answer:

value of company inventory = $2600

so correct answer is B) $2,600

Explanation:

given data

normal selling price = $20

selling price fallen = $15

current inventory = 200 units

purchased =  $16 per unit

cost fallen = $13 per unit

solution

we know that context inventory meaning is that inventory is reported the lower cost or the replacement cost

here lower is replacement cost = $13

so value of company inventory at lower of cost will be

value of company inventory = 200 units × $13

value of company inventory = $2600

so correct answer is B) $2,600

3 0
4 years ago
A government that wants to keep prices stable would most likely take which action?
Pavlova-9 [17]

Answer:

C

Explanation:

3 0
3 years ago
Galena is a new agent for a financial services company. She decides to join the local chamber of commerce, the local association
Angelina_Jolie [31]
The answer is networking, if there’s more to it then it’s networking to generate leads.
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You're an agency that needs to know the technical specifications to build and implement your upcoming video campaign. where can
kodGreya [7K]
The correct answer is:
<span>In the Google Display Specifications site
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Source, explanation and more answers: <span>https://goo.gl/94uU63</span>
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