Answer:
a. $720,000
Explanation:
Since in the question, it is given that the equipment is sold at the list price
The list price is $800,000 and the selling percentage is 90%
So, the revenue should be recorded
= List price × selling percentage
= $800,000 × 90%
= $720,000
Simply we multiplied the list with the selling percentage so that the correct amount can come
Feedback Control <span>is a mechanism for gathering information about performance deficiencies after they occur.</span>
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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
2000 is approximately hours are spent each year
