Answer
b.$0 SE tax; $90,000 NII tax.
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Explanation
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Answer:
current floating exchange rate
Explanation:
Exchange rate is the rate at which one currency will be exchanged with another. For example, 1 United States Dollar is equivalent to 4.24 Poland Zloty as of March 2020.
There are two common types of exchange rates:
1. Floating exchange rate: This is set by the FOREX market, and is based on the current supply and demand of currencies. When demand for a currency is high, its value increases and vice versa.
2. Fixed exchange rate: A fixed or pegged exchange rate is whereby a government entirely determines the rate and value of the currency.
Generally, a floating exchange rate system is used in the global market. This does not mean countries allow their currencies to fluctuate endlessly. The central bank of a country and it's government does intervene and manipulate the currency to make it favorable for them during international trade but it is done in a more indirect manner as opposed to a fixed exchange rate system.
Answer: $450
Explanation:
Total tickets purchased = 2
The cost of one ticket three months ago = $100
Current price of one ticket = $225
Total cost of two tickets = $225 × 2
= $450
The opportunity cost is the benefit that is foregone by selecting some other alternative. So, here two options are available that either attend the concert or resell the ticket at $450. Therefore, the opportunity cost of attending the concert is $450.
The gross value of qualifying property left to the surviving spouse is included in the marital deduction. This is not a requirement of the unlimited marital deduction.
Hence, option D is the correct answer.
Unlimited marital deduction is a clause that enables a person to give their spouse limitless property at any time. This clause belongs to the federal estate of the United States. No limitation on the transfer of property is imposed.
There is no requirement for the gross value of the property that is kept for the surviving spouse under the unlimited marital deduction.
Option a is wrong because a husband and wife must be married in order to qualify for the unlimited marital deduction, this choice is incorrect.
Option b is improper since the property should be passed to the spouse through real estate under unlimited marital deductions.
Option c is erroneous because, in order to qualify for the unlimited marital deduction, the surviving spouse must be a citizen of the United States.
To know more about unlimited marital deduction: brainly.com/question/17983054
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