Answer:
Value of tax liability will be zero
Step-by-step explanation:
Given:
Total estate value = $2,186,000
Estate tax = 40 %
Find:
Heir's tax liability = ?
Computation:
Total taxable estate = Total estate value - Estate Exemption
Note: According to Exhibit 19-6 for Estate Exemption, Estate Exemption is 11.4 million.
We know that Estate Exemption is higher than total estate value, therefore will be no tax liability on the successor, so the value of tax liability will be zero.
Answer:
14. A
15. C
16. B
17. B
Step-by-step explanation:
Answer:
The Answer is 10! (I Don't know if you meant 2x5 or 2x5x28) If I am wrong please let me know! If you meant 2x5x28 the answer is 280!
Step-by-step explanation:
