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Dmitrij [34]
3 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]3 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]3 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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What is global economy
AURORKA [14]

The term “Global Economy” is a term that refers to all of the economies of the world.

Sometimes this phrase is also used to discuss the international economy, or all economies around the world, and refers to how interdependent different countries economies are on each other.

7 0
3 years ago
Following is the sales budget for Coore, Inc., for the first quarter of 2019.
gayaneshka [121]

Answer:

a. Sales for November = $192,666.67

b. Sales for December = $312,400,00

c. Total cash collections are as follows:

January = $200,580

February = $201,360

March = $191,750

Explanation:

a. Compute the sales for November.

Sales for November = (Accounts receivable balance at the end of the previous quarter - Uncollected sales from December) / Collection rate two months after the sale = ($107,000 - $78,100) / 15% = $192,666.67

b. Compute the sales for December.

Sales for December = Uncollected sales from December / (Collection rate one months after the sale + Collection rate two months after the sale) = $78,100 / (10% + 15%) = $312,400,00

c. Compute the cash collections from sales for each month from January through March.

Note: See the attached excel file for the schedule of cash collections from sales for each month from January through March.

From the attached excel file, total cash collections are as follows:

January = $200,580

February = $201,360

March = $191,750

Download xlsx
3 0
2 years ago
Dave, a graphic designer, has applied for a job at Animatrix Co., an animation studio. When he is called for the interview, Dave
Alex_Xolod [135]

Answer:

The correct option is: B. work sample

Explanation:

Work sample is a statistical technique by which the employer tests the ability of a candidate by assigning a sample work to be performed, in order to evaluate or analyze the work performance of the individual.

It can also be defined as the previous work or projects that are used to determine the efficiency or performance of the candidate.

<u>Therefore, in the given scenario, Dave’s graphic portfolio is an example of a </u><u>work sample.</u>

6 0
3 years ago
John F. kennedy believed that a leader should be ___
tia_tia [17]
Vision, decision-making style, and delegation.
8 0
3 years ago
Read 2 more answers
The economic survey 2018 suggest that the psychological biases can be used in the realm of tax compliance. It is in favour of us
almond37 [142]

Answer:

(b) Social, and economic dimension

Explanation:

The dimensions of a business environment refers to the various factors that must be taken into consideration so as to have a sustainable business in a particular environment. These factors include the economic, legal, social, technological and political policies guiding a particular environment. If these factors are disregarded, the business can easily crumble.

In the question above, social factors that involve the incorporation of norms, values, beliefs, traditions, impact, and social trends ensures the smooth running of the business.

In the economic dimension, economic policies and systems that include taxes, interest rates, unemployment rate, stock market indices, etc. play a key role in the success of the business.

3 0
2 years ago
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