1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Alborosie
3 years ago
13

This year Nathan transferred $1 million to an irrevocable trust established for the benefit of his nephew. The trustee is direct

ed to accumulate income for the next 5 years before distributing the trust corpus to Nathan's nephew. In past years Nathan has made taxable gifts of $6 million and used all unified credit. What is the amount of gift tax, if any, must Nathan remit in 2017? Ignore the annual exception amount of $15,000.
A) 159,500
B) 155,800
C) 155,450
D) Zero- there is a $10 Million exemption equivalent
Business
1 answer:
iren [92.7K]3 years ago
7 0

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

You might be interested in
Businesses commonly rely upon groups to make decisions because of the many advantages to group decision making.
sertanlavr [38]

Answer:

The correct answers are letters "A" and "D": More acceptance of the final decision is likely; More information and knowledge are available.

Explanation:

By making decisions in groups, all the members have an opportunity to share their ideas on what and how things should be done. Group decision-making will allow <em>obtaining as much information and knowledge</em> a group can provide. Besides, as the eventual decision will be the result of the mixture of the different ideas proposed, it is more likely than <em>most members of the group will accept the course the group will take</em>.

7 0
2 years ago
Question Mode Multiple Choice Question Preferred stockholders: Multiple choice question. have the right to receive dividends onl
Harlamova29_29 [7]

Answer:

d. have the right to receive dividends only in the years the board of directors declares dividends.

Explanation:

Preferred shareholders<u> have the right to receive dividends in the priority to the common shareholders of the company unit. </u> In other words, if there is sufficient funds with the company to declare dividends both to preferred and common shareholders, then in that case, preferred shareholders will be entitled the right to receive dividends first, and remaining amount will be distributed to common shareholders. Only that, they have this right only when the board of directors declares dividends.

4 0
3 years ago
What are the three main parts to a slide presentations structure? A) thesis statement, supporting evidence, and concluding quote
aleksandrvk [35]

Answer:

D) introduction, body, and conclusion

Explanation:

Slide presentations structure -

A presentation structure and pre- planning is very important for a perfect presentation .

The structure of a presentation comprises of -

  • an introduction ,
  • body ,
  • conclusion .

Introduction -

It is the very first slide of the presentation , which initiates the presentation , and gives a overview of the topics and sub-topics that will be discussed in the upcoming slides .

Body -

It is the portion of the presentation , which have all the information thoroughly explained , this portion may include the maximum number of slides of the presentation .

Conclusion -

It is the last portion of the presentation , which discuss about the about the summary of all the points that were discussed in the body of the presentation , and finally sums up the presentation .

5 0
3 years ago
_____ refers to selling to two or more different buyers, within a reasonably short time, commodities (not services) of like grad
Marianna [84]

Answer:

Robinson-Patman Act of 1936

Explanation:

4 0
3 years ago
Norman, a partner of Dalextiles, a garment wholesale firm, offers discounts to giant retail apparel stores if the quantity of pr
makkiz [27]

Answer:

D) The negotiator role

Explanation:

According to my research on the different types of roles and responsibilities in a business, I can say that based on the information provided within the question Norman exemplifies the negotiator role in this scenario. This is because he is responsible for persuading buyers to buy more while negotiating the price if they do buy more of their product.

I hope this answered your question. If you have any more questions feel free to ask away at Brainly.

4 0
3 years ago
Other questions:
  • Assuming that diminishing marginal utility applies to both pomegranates and bananas, if Vanessa buys more pomegranates and fewer
    6·1 answer
  • Of all cases in which convictions are reversed, about what percentage result in a new trial ordered?
    15·1 answer
  • Acurrency shared by several countries in Europe is the
    8·1 answer
  • You and spouse are filing a joint return. Your current deductions have reduced your taxable income to​ $88,990, bringing you int
    10·2 answers
  • Think of today's problem with battery recycling...
    13·2 answers
  • The adjusting entry to account for use of prepaid insurance consists of: Multiple Choice a debit to Insurance Expense and a cred
    15·1 answer
  • Here are simplified financial statements for Watervan Corporation. INCOME STATEMENT (Figures in $millions)Net sales $881Cost of
    8·1 answer
  • An employee who has a shorter work schedule with either fewer hours each day or fewer days each week.
    11·1 answer
  • Question 8
    5·1 answer
  • The accounting for bonds payable is:_______.
    6·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!