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scZoUnD [109]
3 years ago
8

This year Samantha gave each of her three nephews birthday gifts of $10,000 in cash. At Christmas, Samantha gave each of her thr

ee nephews Christmas gifts of an additional $6,000 in cash. What is the amount of the taxable gifts, if any, made by Samantha this year?
Business
1 answer:
lidiya [134]3 years ago
3 0

Answer:

The amount of the taxable gifts made by Samantha this year is 3,000

Explanation:

Because Samantha gave 16,000 dollars in total while the tax exemption is 15,000 per person.

So the tax gift is triggered

The taxable gifts are 1,000 per nephews. For a total of 3,000

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The current value of a property is $60,000. For real estate tax purposes, the property is assessed at 30 percent of its current
Damm [24]

Answer:

Explanation:

Given:

Current value, C = $60000

Assessed value, A = 30 percent of its current value

= 30% × C

Equalisation factor, E = 1.25

The tax rate is $4 per $100 of assessed valuation.

Assessed value, A = 30/100 × 60000

= $18000

Total assessed valuation = assessed value × E

= $18000 × 1.25

= $22500

Tax rate of $4/$100 × assessed valuation

Tax amount = tax rate × assessed valuation

= ($4 × $22500)/$100

= $900

4 0
3 years ago
Paying attention to the trends that might imact your future is called
MArishka [77]
Career Resilience: Major Trends<span> That Will </span><span>Impact Your Future !</span>
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3 years ago
In Russia, the economy has gone from Stalin's ________-________ Plans, directed by the central committee, or ________ , to Mikha
kondor19780726 [428]

Answer:

Explanation:

In Russia, the economy has gone from Stalin's five year Plans,  directed by the Central Committee, or Gosplan, to Mikhail Gorbachev's Perestroika,   in the 1980s. This led to increased ownership of property, which continued until Putin, Boris Yeltsin's successor, took power

6 0
3 years ago
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Carlos plans to start a business related to upcoming technologies. He expects rapid growth in his business venture. Although the
ale4655 [162]

Answer:

A. Venture capitalists.

Explanation:

Venture capitalists are private investment firms that makes available funding to start up companies which shows traits of rapid growth, high potential returns while also maintaining a stake in the company. The aim of venture capitalists is to receive high return on their investment in the long run.

The risk involved in being a venture capitalist is high hence they look out for growth potential in would be borrowers while also earning huge profit on successful borrowers in the long run.

Venture capitalist recoup their investment either by receiving fees on the funding provided, earn interest on the funding or have an equity stake in the company that obtained the funding.

The source of finance that would be apt for Carlos to fund is business is venture capitalists.

8 0
3 years ago
List four ways in which china was affected by thriving trade during the yuan dynasty
Paul [167]

Answer:

Four ways in which china was affected by thriving trade during the yuan dynasty are:

  • Sea trade developed under the Mongols.
  • Skills and information from china spread through other parts of the world.
  • A more accurate calender been used.
  • They started using better astronomical instruments.

Explanation:

Yuan Dynasty was establised by mongols in the early 13 centuries. It was ruled by Kublai Khan. It was first forgein led dynasty in the ancient China. Yuan danasty have open door policy, where forgeiners were allowed to travel freely in China without paying any taxes. They have introduced the first paper currency.

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