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
aleksley [76]
3 years ago
8

Brad and Angelina are a wealthy couple who have three children, Fred, Bridget, and Lisa. Two of the three children, Fred and Bri

dget, are from Brad’s previous marriages. On Christmas this year, Brad gave each of the three children a cash gift of $6,500, and Angelina gave Lisa an additional cash gift of $41,000. Brad also gave stock worth $54,000 (adjusted basis of $13,500) to the Actor’s Guild (an "A" charity).
(Leave no answer blank. Enter zero if applicable.)

a. Brad and Angelina have chosen to split gifts. Calculate Brad’s gift tax. Assume that Angelina has no previous taxable gifts, but Brad reported previous taxable gifts of $2 million in 2009 when he used $345,800 of unified credit and paid $435,000 of gift taxes. (Reference the tax rate schedule in Exhibit 25-1 and the Unified Credit schedule in Exhibit 25-2 to answer this problem.)

Business
1 answer:
kiruha [24]3 years ago
6 0

Answer

The answer and procedures of the exercise are attached in the following archives.

Step-by-step explanation:

You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.  

You might be interested in
Multinational enterprises that manufacture commodity products that focus on cost leadership tend to use a(n) ______ strategy.
IRINA_888 [86]

Multinational enterprises that manufacture commodity products that focus on cost leadership tend to use a business level strategy.

<h3>What is multinational enterprise?</h3>

Multinational enterprise are International organization or cooperation with two or more countries in the chain of operation.

They also involve in production of goods and services.

Therefore, Multinational enterprises that manufacture commodity products that focus on cost leadership tend to use a business level strategy.

Learn more on cooperation here

brainly.com/question/1669538

7 0
2 years ago
The process of sending and receiving messages without using any spoken words defines _____.
coldgirl [10]
B. Nonverbal communication is communication without words spoken.
4 0
3 years ago
Read 2 more answers
XYZ Co. is using a predetermined overhead rate that was based on estimated total fixed manufacturing overhead of $121,000 and 10
stira [4]

Answer:

the predetermined overhead rate is $12.10

Explanation:

The computation of the predetermined overhead rate is shown below:

The Predetermined overhead rate is

= (Estimated total fixed manufacturing overhead ÷ Estimated direct labor hours)

= ($121,000 ÷ 10,000)

= $12.10

hence, the predetermined overhead rate is $12.10

6 0
3 years ago
World trade organization (wto) member countries account for approximately __________ percent of world trade.
svp [43]
World trade organization member countries account for approximately 80-95% of world trade. Its three main functions are: -Forum for negotiation -Administration -Dispute Settlement To sum it up, World Trade Organization sets the rules, allows countries to talk, and has process for actually resolving problems.
3 0
3 years ago
Graphic Designs has 68,000 shares of cumulative preferred stock outstanding. Preferred shareholders are supposed to be paid $1.6
Anna35 [415]

Answer:

Graphic Designs

The firm will have to pay $6.40 per share next quarter.

Explanation:

a) Data and Calculations:

Number of cumulative preferred stock outstanding = 68,000

Preferred dividends per share = $1.60 per quarter

For four quarters, the preferred dividends per share = $6.40 ($1.60 * 4)

b) This will take care of the past three quarters that have accumulated and the fourth quarter.  Note that when a company wishes to pay a common stock dividend, it must pay the cumulative preferred dividends first, no matter the length of period that the dividends have accumulated.

4 0
3 years ago
Other questions:
  • The estimated unit costs for a company to produce and sell a product at a level of 15,000 units per month are as follows:Cost It
    12·1 answer
  • You have worked with the research department to implement the research plan. The team has gathered the data, checked it for accu
    13·2 answers
  • Jack Ward is working in product development for an auto parts contractor. Ward’s firm received a large contract last summer to m
    14·2 answers
  • Offering false statements in a contract is fraud in the inception. True False
    13·2 answers
  • One of the benefits of a savings account is that it allows your money to grow but there is a high risk associated with it.
    10·1 answer
  • Refer to the following distribution:
    14·1 answer
  • 2.)
    12·1 answer
  • To succeed in today's competitive marketplace, companies need to be customer centered. Each company must divide up the total mar
    12·1 answer
  • The unit rate for 63 meters in 36 minutes
    11·1 answer
  • Explain the appearance of earthworm in brief​
    13·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!