1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
VLD [36.1K]
2 years ago
11

In 2016, a grandfather gave a life estate to his grandson and a remainder interest to his granddaughter. Each interest is valued

at $13,000. The gift to the granddaughter is:
Business
1 answer:
ycow [4]2 years ago
7 0
The gift to the grandaughter is <span>Partially shielded by the annual gift tax exclusion.   In the year of 2016, the federal government created </span><span>the </span>estate<span> and gift </span>tax exemption<span> is $5.45 million per individual.
Which means that the inheritence that given to the granddaughter would be tax free as long as it does not surpass the net value of 5.45 million.</span>
You might be interested in
You buy a lottery ticket to a lottery that costs $10 per ticket. There are only 100 tickets available to be sold in this lottery
Eduardwww [97]

Answer: The expected loss is $2.3

Explanation:

Total number of tickets to be sold = 100 tickets

one $450 prize, the expected gain = 450 x (1/100)  = $4.5

two $110 prizes, the expected gain = 110 x (2/100) = $2.2

four $25 prizes. the expected gain = 25 x (4/100) = $1

Expected gain (loss) = Total expected gain - Cost of the ticket

                                  = (4.5 + 2.2 + 1 ) - 10

                                  = (2.3)

The expected loss is $2.3

5 0
3 years ago
Read 2 more answers
If you need to confiscate a PC from a suspected attacker who does not work for your organization, what legal avenue is most appr
kirill115 [55]

Answer:

The correct answer is

b) Consent agreement signed by employees.

good luck ❤

8 0
3 years ago
Which stage in project management involves team members working on the assigned tasks as described in the project plan?
vagabundo [1.1K]

Answer:

C.  execution

Explanation:

  • The execution stage is 3rd stage in project management lifecycle is usually is longest phase as during which the teams develops the product or services and presents the final end product to the clients. Here the team members work on the same set of guidelines that are assigned or designed in a project.
3 0
2 years ago
Grandma and Grandpa Generous had many children, but they have only one grandchild,Harold. Grandma and Grandpa would like to give
Leni [432]

Answer:

Gift Tax GSTT

Explanation:

In such a scenario, Grandma and Grandpa Generoushave a current liability to the Gift Tax GSTT. This tax rate applies to Grandma and Grandpa Generous because the gift exceeds the limit per individual for gifting and because they have exhausted their lifetime gift-tax exemption. Meaning that they have to pay taxes on this gift of $5.43 million which according to the GSTT guidelines is a fixed rate of 40% of the gift that was given.

8 0
3 years ago
Which one of the following terms is defined as the mixture of a firm's debt and equity financing? Multiple Choice Working capita
Studentka2010 [4]

Answer:

Capital structure

Explanation:

The capital structure of a company defines the way the equity and debt component of the total capital is proportionalized. Capital structure refers to a company's outstanding debt and equity. It allows a firm to understand what kind of funding the company uses to finance its overall activities and growth. In other words, it shows the proportions of senior debt, subordinated debt and equity (common or preferred) in the funding.

8 0
3 years ago
Other questions:
  • The Super Bowl is right around the corner and Gowgem Hotels is aquiver with anticipation. They'd like to price their rooms at th
    12·1 answer
  • On December 31, Year 1, Jet Co. received two $10,000 notes receivable from customers in exchange for services rendered. On both
    11·1 answer
  • Johnson Company calculates its allowance for uncollectible accounts as 10% of its ending balance in gross accounts receivable. T
    8·1 answer
  • Nicole thinks that her business, nicole's getaway spa (ngs), is doing really well and she is planning a large expansion. with su
    6·1 answer
  • In a SWOT analysis, increasing gasoline prices would represent a potential __________ for manufacturers of electric cars.
    14·1 answer
  • Suppose the world price of cotton falls substantially. The demand for labor among cotton-producing firms in Texas will( increase
    11·2 answers
  • Krizun Industries makes heavy construction equipment. The standard for a particular crane calls for 14 direct labor-hours at $16
    6·1 answer
  • Hibshman Corporation bases its predetermined overhead rate on the estimated machine-hours for the upcoming year. At the beginnin
    9·1 answer
  • Bauer Securities decided to purchase a 51% controlling interest in a small private company that produces software necessary to r
    11·1 answer
  • Which of the following describes possession utility?
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!