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cupoosta [38]
3 years ago
8

Abe and Jan are well to do and are concerned that the estate tax exemption of $10,500,000 (combined) will not be sufficient to a

void estate taxes. The have 3 married children and 7 grandchildren. They would like to give about $300,000 per year to their children and grandchildren, but do not want to pay any gift tax or reduce their lifetime gift and estate tax deduction. They also do not want the young children to be in control of the money. They have heard about the Crummey powers and ask you if that would be the solution to their situation. Research the Crummey rules and recommend to Abe and Jan what to do.

Business
1 answer:
Alinara [238K]3 years ago
7 0

Answer:

Please see attachment

Explanation:

Please see attachment

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Many small firms seek to establish a particular niche in the market, realizing that they cannot afford to operate on a larger sc
nadya68 [22]

Answer:

<u>fostering competition</u>

Explanation:

By deciding to focus on a particular niche these smaller firms in effect foster competitions among other larger firms.

For example, if in a market for shoes, a small firm A, that is newly established decides to focus only on selling shoes for children after recognizing they cannot match up with an existing larger company B that sells a variety of shoes (both children and adult shoes). At a point in time when a number of small businesses are operating in this manner, the larger companies would recognize and account for their influence on the market.

3 0
2 years ago
Employees and customers are treated like a family at Rahal Realty. Fadil and Inas Rahal, the owners, work to encourage unity to
Sever21 [200]

The type of culture that Rahals built was clan culture, when the owners, work to encourage unity to increase their employees' job satisfaction and commitment.

<h3>What is clan culture?</h3>

A clan culture can be regarded as a tribe-like type of corporate environment which believe in

commonality of goals and values.

Clan cultures usually appears as collaborative and the least competitive of the main corporate culture models.

Learn more about culture at;

brainly.com/question/25010777

5 0
2 years ago
A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost dr
MrRissso [65]

A measure such as direct labor-hours or machine hours used to assign overhead costs to products and services is called a cost driver or an allocation base.

An entity allocates its overhead costs on the basis of an allocation base. An allocation basis is a measurement, such as the amount of square footage occupied, kilowatt hours consumed, or machine hours used.

Cost accounting assigns overhead expenses using an allocation base. An allocation base can be a quantity, such as the amount of machine hours used, kWh spent, or occupied square footage.

Learn more about allocation base here

brainly.com/question/26475885

#SPJ4

3 0
2 years ago
If the actual labor rate exceeds the standard labor rate and the actual labor hours exceed the number of hours allowed, the labo
vladimir2022 [97]

Answer:

Option D

Explanation:

As both, the actual rate and actual hours exceed the standards rate and standard hours, both rate and efficiency variance will be unfavorable.

And considering that if the actual labor rate exceeds the standard labor rate and if the actual labor-hours exceed the number of hours allowed, the total labor flexible budget variance will be unfavorable. As the variance is the difference between the Standard Cost and Actual Cost. So if both Standard rate & Standard hrs. are more than actual rate & actual hrs., Actual cost will be more than standard cost i.e. the variance will be unfavorable

Option d is correct

8 0
3 years ago
What is the first step of creating a federal budget A. Congress votes on requirements for a budget plan. B. Executive agencies s
Yakvenalex [24]

Answer:

C. State governments submit their budget proposals.

Explanation:

The Federal budget is a budget for the entire country.  It is an estimate of the expected government revenue and expenditure for a fiscal year.

The first step in the federal budget preparation involves submitting proposals by the government department and agencies. These are the federal agencies such as security agencies. They submit their expenditure proposal to the Whitehouse. All agencies' proposals make up part of the president's budget request.

7 0
3 years ago
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