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Furkat [3]
3 years ago
10

"Harold and Maude are married and live in a common-law state. Neither has made any taxable gifts and Maude owns (holds title to)

all their property. She dies with a taxable estate of $25 million and leaves it all to Harold. He dies several years later, leaving the entire $25 million to their three children. (Refer to Exhibit 25-1 and Exhibit 25-2.)"
Business
1 answer:
jeyben [28]3 years ago
8 0

Answer:

$5528000

Explanation:

Solution

Given that:

Now,

The 2018 estate tax exemption 11180000$ above that the estate inherited are taxed at 40%.

So,

25000000-11180000 = taxable estate 13820000$

The estate tax due= 13820000*40%

= 5528000$

Note: This is reference from Exhibit 25-1 and Exhibit 25-2.

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Maryland Incorporated produces toys. Total manufacturing costs are $ 370 comma 000 when 60 comma 000 toys are produced. Of this​
ludmilkaskok [199]

Answer:

The total production costs when 105 comma 000 toys are​ produced are $467,500

Explanation:

Manufacturing or production costs are the costs which is incurred to Manufacture / produce the products being sold.

Total Manufacturing Cost = $370,000

Variable cost = $130,000

Variable cost per unit = $130,000 / 60,000 = $2.17

Total Fixed Cost = Total Manufacturing cost - Variable cost

Total Fixed Cost = $370,000 - $130,000 = $240,000

Total Production cost = Variable cost + Fixed Cost

Total Production cost = ( 105,000 x 2.17 ) + $240,000

Total Production cost = $227,500 + $240,000 = $467,500

6 0
3 years ago
Julius asks Rachel if she would like to sell her boat. Rachel privately has no interest in selling her boat, and believes that J
ryzh [129]

Answer:

C) formed a valid contract because Rachel's outward expressions showed the formation of a contract.

Explanation:

A valid contract is a binding and enforceable agreement, where all parties are legally bound to perform the contract.

Probably the most important part of a contract is the existence of an offer and acceptance. Once a valid offer is accepted, it binds the parties into a valid contract.

In this case, Rachel accepted Julius´s offer to buy her boat, so an offer and acceptance exists.

5 0
3 years ago
Explain how you would create a job requirements matrix for a job.​
Colt1911 [192]

Answer:

I would create a job by, getting the requirements for the job, I would try getting other people to help me and to work with me. That's how I would create a job and the most important part, create a name for the job.

5 0
2 years ago
Plz plz plz help me with these two click the pic plz multi choice ​
makvit [3.9K]

Answer:

For the first multi choice, I think the answer is `whether or not there is enough competition to keep prices low and quality high'

For the second multi choice, I think the answer is `the market is failing to compensate those who are impacted by the sale of goods and services`

3 0
2 years ago
Red Blossom Corporation transferred its 40 percent interest to Tea Company as part of a complete liquidation of the company. In
kogti [31]

Answer:

The amount of gain that Red Blossom recognize in the exchange is $322500 and its basis in the land it receives is $635000.

Explanation:

Red Blossom recognize the gain

= Fair market value of land – corporation basis

= $635000 - $312500

= $322500

Basis of Land = Fair market value  

                       = $635000

$322500 gain recognized and a basis in the land of $635000

Therefore, The amount of gain that Red Blossom recognize in the exchange is $322500 and its basis in the land it receives is $635000.

8 0
3 years ago
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