Under the new form of republican government in spain, the nobility lost position and may possessions. Nobility people are the people who are associated and belong to a noble class in a place or let us say in a country in which most have a hereditary life and other a honorary life is what they have.
Answer:
c.$2,499
Explanation:
Asset acquired on June 17 at a cost of $50,000.
The asset was used 40% for business, 30% for the production of income(40%+30%)= 70%
Hence:
$50,000 x .70 x .0714
= $2,499
Therefore Bill's maximum deduction with respect to the property for 2019 will be $2,499
Answer:
taxable gift is not in the gross estate or taxable estate
Explanation:
given data
estate = $3 million
time = 2 year
taxable gift = $2 million
paid = $435,000
solution
as we know that gift tax paid will brought back in gross estate but not the GSTT
and gross up rule is limit for federal gift tax only
as It is only after taxable estate and taxable gift is add back to get tentative tax base
so as taxable gift is not in the gross estate or taxable estate
The types of insurance that are required by law are Bodily injury and property damage liability and personal injury protection.
<h3>What do you mean by Insurance? </h3>
Insurance refers to the contract under which an individual is entitled to receive financial protection from the insurance company. Life, health, homeowners, and auto are the common forms of insurance.
These policies are used to hedge the risk of financial losses. The types of insurance required by law are Bodily injury and property damage liability and personal injury protection.
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An unfavorable materials quantity variance indicates that the actual usage of materials exceeds the standard material allowed for output.
<h3>What do you mean by material quantity variance?</h3>
The material quantity variance refers to the difference between the standard amount and the actual amount of materials used in the production process.
The material quantity variance yield unusual results as it is based on a standard unit quantity that is not even close to the actual usage.
Therefore, an unfavorable materials quantity variance indicates that the actual usage of materials exceeds the standard material allowed for output.
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