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Novay_Z [31]
2 years ago
11

Explain the requirements for a redemption to pay death taxes. What are the tax consequences of a redemption to pay death taxes f

or the shareholder and the corporation
Business
1 answer:
mart [117]2 years ago
5 0

Answer:

1. The requirements for redemption to pay death taxes are as follows:

<em>- A shareholder must die.</em>

<em>- Value of stock of 1 corporation must exceed 35% value of adjusted gross estate.</em>

<em>- Stock of 2 or more companies exceeds 35%of adjusted gross estate if interest in both companies was greater than 20%.</em>

<em>- Redemption limited to sum of death taxes, funeral expenses and estate legal costs.</em>

<em>- Stock attribution rules do not apply.</em>

<em />

2. The shareholders has no tax consequences as he has died. he heir to the shareholders have little or no tax consequences as the redeemed shares hold a fair market value on the date of death.

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A corporation issued 8% bonds with a par value of $1,000,000, receiving a $20,000 premium. On the interest date 5 years later, a
Mrac [35]

Answer:

$22,000 gain.

Explanation:

Please see attachment

3 0
2 years ago
he​ _____ rate is the percentage of a​ company's customers​ (within a given span of​ time) who by the end of that time span have
Sauron [17]

Answer:

B) churn

Explanation:

The churn rate refers to the percentage of customers lost by a company (usually during a 1 year span) either because they stopped a subscription or stopped purchasing its products.

The churn rate can also refer to the percentage of employees leaving or quitting a company during one year.

7 0
3 years ago
Which of the following activities is not a component of the operating cycle?A)Sale of merchandiseB)Payment of employees' salarie
Sloan [31]

Answer:

B)Payment of employees' salaries

Explanation:

Operating cycle: The operating cycle is that cycle in which the firm makes the collection of cash with respect to the sales and make the payment with respect to the purchase of the inventory

The cycle start from days of inventory outstanding, days of sales outstanding, and days of payable outstanding

In mathematically,  

Operating cycle = days of inventory outstanding + days of sales outstanding - days of payable outstanding

Thus, option B is correct.

8 0
3 years ago
3. There are concerns about an increase in unemployment due to the slowdown in manufacturing. a) What effect would an increase i
Vikki [24]
Equilibrium wage means that it is the wage paid on employees where supply and demand are equal.

All persons looking for work at the going wage will be able to find jobs in an equilibrium setting.

an increase in the unemployment rate will result to a decrease on the equilibrium wage.
6 0
3 years ago
Read 2 more answers
Simone has worked as an editorial assistant at a magazine publisher for the last six months. Her boss is impressed with her dedi
pochemuha

Answer:

​job enlargement

Explanation:

Job enlargement refers to the increase in duties and responsibilities related to the job. It combined all other activities with the same level in the organization

Since in the question it is mentioned that Simone boss is impressed by her dedication and her hard work so he assigner her more task for freelancer writers

Therefore this situation represents the job enlargement

5 0
3 years ago
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