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Zielflug [23.3K]
3 years ago
7

Jose is subject to the top marginal Federal income tax rates. Carlita is considering establishing a trust in which Jose would be

an income beneficiary. Considering only income tax consequences, Jose should be designated as:
Business
1 answer:
coldgirl [10]3 years ago
7 0

Answer:

Second tier beneficiary

Explanation:

Since Jose probably doesn't need the money right now, he would probably benefit from being a second tier beneficiary since the distributions for second tier beneficiaries are discretional, meaning that they can happen or not depending on the circumstances. For example, if Jose doesn't need the money this year, he can postpone the cash payment.

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Regis Company manufactures plugs at a cost of $36 per unit, which includes $8 of fixed overhead. Regis needs 30,000 of these plu
Oliga [24]

Answer:

$190,000

Explanation:

Regis produces 30,000 plugs per year and its overhead costs are $8, so their variable costs are $28 per plug (=$36 - $8).

Orlan offers to sell them the same plugs at $33 per plug, which means that Regis will be paying $5 more per plug than its own variable costs.

Regis costs will increase $5 x 30,000 = $150,000 per year.

Its fixed costs will decrease by $60,000 if they decide to purchase the plugs.

Plus it can rent the facilities at XXX per year? since it plans to have $100,000 in net savings per year:

$100,000 = $60,000 + XXX - $150,000

$100,000 = XXX - $90,000

XXX = $190,000

4 0
3 years ago
When a business is making its initial purchase of an item to be used to perform a new job at a shoe factory, it is known as a __
Veseljchak [2.6K]

Answer: governmental, institutional, and reseller purposes.

Your mom

6 0
3 years ago
Checkout counters are an example of this operating expense
snow_tiger [21]

Answer: Fixtures

Explanation:

Fixtures are a type of fixed assets that are so named because they are fixed to the property they are in, in such a way that it would require substantial work to remove them.

Checkout counters are fixed to the ground in grocery stores and other places that use them and trying to remove a checkout counters takes a lot of effort so they qualify to fall under fixtures.

6 0
3 years ago
Doggle, Inc. has two categories of overhead: maintenance and inspection. Costs expected for these categories for the coming year
Rudik [331]

Answer:

$18,400

Explanation:

Using the appropriate cost driver <u><em>(which is the most appropriate method of determining or calculating a particular cost. The Variable cost drivers might come in the form of costs per unit, hourly costs, or batch costs, among others. it can also be fixed costs, which could be in form of set-up costs.),</em></u> the total cost of the potential job will be $18,400

The full diagram explaining the step be step procedure is in the attached image below.

6 0
3 years ago
Sienna Inc., a software firm, decided to hire a technical expert. The company conducted an aptitude test followed by structured
joja [24]

Answer:

Refer David to another company.

Explanation:

In the given case, promoting other minority employees is not the correct action because the victim is David. Hiring other African Americans make up for David's loss is not the correct answer either because of the same reason. Paying David's legal costs is not an effort towards compensating for the discrimination. The company is likely required to give David a referral to another company which is the only action that affects David directly in terms of compensation. I hope this was helpful.

4 0
3 years ago
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