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azamat
3 years ago
12

Andrew and Brianna are married and live in Texas, a community-property state. For their birthdays this year Andrew gave cash gif

ts of $20,900 to each of his two daughters, and Brianna gave $35,200 to her niece. What is the amount of Andrew's taxable gifts
Business
1 answer:
Vika [28.1K]3 years ago
5 0

Answer: $2,600

Explanation:

Because Andrew is married, the gift tax on him is split in half between him and his wife. This means that to each of his daughters, the gift tax will be on:

= 20,900 / 2

= $10,450

This amount is less than the gift exclusion limit of $15,000 so Andrew will not be charged taxes on the gifts to his daughters.

On the gift to Brianna's niece, Andrew's gift tax will be based on:

= 35,200 / 2

= $17,600

This is above the gift exclusion limit of $15,000 by:

= 17,600 - 15,000

= $2,600

<em>The above would therefore be Andrew's taxable gift amount. </em>

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Answer:

The correct answer is letter "A": Building relationships with suppliers and business partners.

Explanation:

For a manufacturing company that is interested to start businesses abroad, it is important to find out if the operations processes can be carried out at least under the same characteristics as in the country of the firm's origin. Managers must analyze if all the components of their <em>supply chain</em> are likely to be found in the new region. Besides, managers should look for <em>local business partnerships</em> that will help the association adapt to the new market easier.

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3 years ago
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Answer:

Probably not, because Alyssa made a mistake about the dog's value, not a mistake about material fact.

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When Sierra offered to sell the dog to Allysa, Allysa failed to discuss the ancestry of the puppy. She wrongly believed the dog came from a line of champions.

On finding out the dog is only worth $200, she will not be able to rescind the contract because the onus to ask all relevant questions about the purchase before accepting is on her.

She made the mistake of assuming the dog was worth $800. She made a mistake about the dog's value and not the material fact.

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3 years ago
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Trust based on a person's competence would be summarized by this team member's affectionate statement towards another team membe
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Answer:

The correct answer is:

I trust you to be able to accomplish this task (C)

Explanation:

First of all, you have to know the meaning of the word competence, and competence is a collection of related relevant abilities, know-how and skills required to act effectively on a job or situation. Which is a clear message passed by the speaker in the statement "I trust you to be able to accomplish this task", because the speaker knows that his team member possesses the right skills to carry out a task successfully.

The statement in option D ( "I trust you to do the right thing." ) also tells a little about competence because one of the definitions of competence highlights being sane, and one needs to be sane to do the right thing, but it is only second choice when compared to the statement in option "C".

Next time when you are faced with this kind of question, identify the keyword ( which in this case is competence), and use that to answer the question.

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3 years ago
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Answer:

D. local marketing

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