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Flauer [41]
3 years ago
9

Which of the following is a true statement? leaving all property to the surviving spouse maximizes the marital deduction and the

refore minimizes total transfer taxes on the estates of both spouses. a bypass provision in the will of the deceased spouse is designed to use the unified credit of the deceased spouse by transferring property to beneficiaries other than the surviving spouse. serial gifts are limited in scope because only $10,000 can be transferred each year tax-free to any specific donee. serial gifts can move significant amounts of wealth only if employed by multiple donors. none of these is true?
Business
2 answers:
vovangra [49]3 years ago
4 0

In the analysis of the given options, the most likely answer to this question is a bypass provision in the will of the deceased spouse is designed to use the unified credit of the deceased spouse by transferring property to beneficiaries other than the surviving spouse.Thank you for your question. Please don't hesitate to ask in Brainly your queries. 
Vika [28.1K]3 years ago
4 0

Answer:

leaving all property to the surviving spouse maximizes the marital deduction and therefore minimizes total transfer taxes on the estates of both spouses.

Explanation:

The US Federal Estate and Gift Tax Law  allows the surviving spouse to claim an unlimited marital deduction which includes all the assets transferred by the deceased spouse at any given time, even after death. The marital deduction usually covers 100% of federal estate tax, so the surviving spouse doesn't need to pay taxes on the transfers.

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Relational integrity constraints enforce business rules vital to an organization's success and often require more insight and kn
Over [174]

Answer: False

Explanation: Each company has integrity constraints unique to its business and every databases in a business contain integrity constraints that help prevent chaotic and unwanted events from happening. Business critical integrity constraints enforce business rules that are vital towards organization's goals and success and more often require more insight and in-depth knowledge than relational integrity constraints which are rules that enforce the basic and fundamental information essential to any database.

7 0
2 years ago
Question 1<br> What is the most important question you should have after seeing this ad about a check cashing business?<br> Why
TEA [102]

The most important question you should have after seeing this ad about a check cashing business is"

  • Why Choose ACE to Cash Your Check?
  • No credit check necessary?
  • Can I get a written copy of all of the fees that you charge for your services?

<h3>Is a check cashing business considered a financial institution?</h3>

A money service business is one that is seen as a kind of  a financial institution that is known to be  involved with one or a lot of of the following entities such as:

  • Check casher
  • Foreign currency dealer, etc.

So, the most important question you should have after seeing this ad about a check cashing business is"

  • Why Choose ACE to Cash Your Check?
  • No credit check necessary?
  • Can I get a written copy of all of the fees that you charge for your services?

Learn more about check cashing business from

brainly.com/question/14017700

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6 0
1 year ago
The corporate charter of Imp Company authorized the issuance of 10 million, $1 par common shares. During 2021, its first year of
lesantik [10]

Answer:

Paid -in Excess capital as on December 31, 2021 $124 million

Explanation:

The computation of the amount reported as a additional paid-in capital  is shown below

For Jan 1, 8 million ×  $15              $120 million

For June 3, 2 million × $18              ($36 million)

For December 28, 2 million × $20  $40 million

Paid -in Excess capital as on December 31, 2021 $124 million

7 0
3 years ago
Which of the following falls outside of the classification of business expenditures that fall into the category of variable cost
yuradex [85]

The option that falls outside of the classification of business expenditures that fall into the category of variable costs is option C. costs of research and development. Read below about costs of research and development.

<h3>What is a costs of research and development?</h3>

These are costs taken to develop new products or processes that may or may not result in commercially viable items. The general rule is that research and development costs are to be expensed immediately when the costs are incurred.

Therefore, the correct answer is as given above.

learn more about costs of research and development: brainly.com/question/18685415

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4 0
1 year ago
A company has the following asset account balances: Buildings and equipment $9,200,000 Accumulated depreciation 1,200,000 Patent
Elis [28]

Answer:

$14,000,000

Explanation:

To be reported under Property, Plant and Equipment:

= (Buildings and equipment - Accumulated depreciation) + Land Improvements + Land

= ($9,200,000 - $1,200,000) + $1,000,000 + 5,000,000

= $8,000,000 + $1,000,000 + 5,000,000

= $14,000,000

Note:

(1) Intangible Assets (Patents) will be reported after Plant, Property and Equipment. These are not a part of plant, Property and Equipment.

(2) There is no information about the useful life of the Land, so the value of land improvements will be included in the property, plant, & equipment section.

7 0
2 years ago
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