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Dmitrij [34]
4 years ago
14

Sydney has inherited her grandmother's estate worth approximately $4.5 million. She is worried about paying taxes on the estate

and the inheritance. How will these taxes affect her new estate and inheritance?
Business
2 answers:
weeeeeb [17]4 years ago
4 0

Answer:

She pays the inheritance tax , while the estate is responsible for the estate tax.

Explanation:

Inheritance tax is a form of tax that every beneficiary of an inherited estate must pay. Regardless of the situation and location of the inherited property , inheritance tax is calculated individually for different beneficiary.

The estate in which a particular property is located is responsible for the estate tax. This is calculated based on the value of the property and paid by the estate management for all properties within the estate before rents are remitted to the landlords.

hram777 [196]4 years ago
3 0

Answer:

Depending on the state where she is and the laws of that state concerning taxing properties of deceased persons.

The federal government sometimes taxes the estates of deceased persons, California has eliminated inheritance taxes altogether.

Explanation:

Depending on the state where she is and the laws of that state concerning taxing properties of deceased persons.

The federal government sometimes taxes the estates of deceased persons, California has eliminated inheritance taxes altogether.

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svetlana [45]

Answer:

Pay

Explanation:

Auto liability insurance helps offset the costs of bodily injuries and property damages to the other driver. The principle applies if you are the one at fault in the of an accident.

Auto liability insurance coverage is mandatory by law. It covers the medical expenses of the other party. In some circumstances, it may cover lost wages and legal fees in case the other party files a lawsuit. It also covers the repair or replacement cost of the other drivers' car.

4 0
4 years ago
Which of the following describes the effect of the purchases that consumers
vichka [17]
The answer is C) indicate their desires to producers
5 0
3 years ago
Read 2 more answers
Mary Smith is considering investing in 30 year Corporate Bonds issued by Duke Energy Company. She knows that she will earn an in
densk [106]

Answer:

Mary Smith is concerned about systematic risk.

Explanation:

Systematic risk refers to the ongoing risk caused by a combination of factors, including the economy, geopolitical issues, corporate health, and others.  It covers the impact on the overall market and includes systemic risks that are peculiar to an industry.  Systemic risk will only impact the market for Corporate Bonds.  But, Mary's concern shows that other factors might combine, causing her to require her money back after a year.

6 0
3 years ago
North Carolina produces sweet potatoes in its rich soil, but does not have the climate to grow oranges well. It is correct to sa
inessss [21]

Answer:

c. comparative advantage in

Explanation:

In economics, comparative advantage is the advantage a trade party has over the other party, in the production of a a particular good that has a relatively lower opportunity cost. It simply involves exploring the option that has overall best package.

North Carolina has a comparative advantage in sweet potato production relative to Florida, as the opportunity cost involved is lower, since there is little potential benefits North Carolina will get in the production of oranges.

3 0
4 years ago
Suppose a basketball player has made 392 out of 441 free throws. If the player makes the next 3 free throws, I will pay you $6.
valentinak56 [21]

Answer:

-$0.237

Explanation:

The player making a single shoot is 392/441 = 0.889

That makes a percentage of 88.9%.

The probability of making the next 3 shots as 0.889 × 0.889 × 0.889 = 0.703.

The probability of him not making all of the next 3 shot is 1 - 0.703

So now to find the expected value,

P(makes all the three shots) * (Value when you win) + P(misses the three shots) * (value when you lose)

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= -$0.237

7 0
4 years ago
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