Answer:
Zero- there is a $10 Million exemption equivalent ( d )
Explanation:
Annual exemption to be ignored = $15000
$1 million to an irrevocable trust
taxable gifts = $6 million
A) The amount of gift tax Nathan must remit in 2017 ignoring annual exemption
The gift tax must remit in 2017 is zero because there is a $10 million exemption because of the annual exception ( even if the annual exception is ignored ) and the lifetime benefits on taxable gifts that Nathan has is approximately $11.4 million, hence he wont be remitting any amount on gift tax in 2017
I think the correct answer from the choices listed above is the last option. H<span>e earns a salary from his work, interest on his savings account, and dividends on his stock holdings. Hope this answers the question. Have a nice day.</span>
Answer:
It will take 50 months to complete the payment on his entire balance
Explanation:
We have to solve for n in an annuity:
C $20.00
time n
rate (0.1524 / 12 months per year) 0.00127
PV $969.1600
Now, we use logarithmics properties to get the answer:
[tex]-n= \frac{log0.93845834}{log(1+0.00127)
n = 50.044991
Most likely true! Economics is the knowledge/ study of how society functions!
Answer:
The human life value approach looks forward for information.
and
The capitalization of income approach looks at right now only for information.
Explanation:
A life insurance is a form of agreement entered into by an individual and an insurance firm whereby some amount is to be paid to the next of kin of the individual under the insurance. It can also be in the form of payment of bills in the case of the illness of the individual under insurance.
The individual either pays in batches or a one time payment to the insurance agency.
The individual current value is normally considered in analysing his assets and income.
