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Novay_Z [31]
3 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]3 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 person may have very strong ethics in the way he or she treats family and friends, but not understand how failure to submit ta
Arturiano [62]

Answer: (D) Application of ethics to business situations

Explanation:

 The applications of the business ethics is one of the form of professional ethics in an organization that helps in examine the overall ethical principle and also the moral problems in the environment.

It also helps in governing the actions during the decision making process and also manage the behavior of the person in an organization.

It is also refers to the unwritten principle and the values in an organization that helps managing the company. According to the given question, the application of the business ethics situation is basically encountered by the ethical maturity model.  

Therefore, Option (D) is correct answer.

6 0
3 years ago
When society produces the combination of goods and services on the ppf that it values the most highly, society has?
Brums [2.3K]
When society produces the combination of goods and services on the PPF that it values the most highly, society has Allocative efficiency. PPF is defined as the public provident fund, and Allocative efficiency<span> is the point in which the preference of the product consumption is balanced in production levels in an economy. This is specifically related to the benefit of a product or service being equivocal to the cost of making it, directly reflective of consumer preferences. 
</span>
3 0
3 years ago
Menlo Company distributes a single product. The company’s sales and expenses for last month follow: sales 616,000 net operating
DerKrebs [107]

Answer:

Explanation:

Giving the following information:

The company’s sales and expenses for last month follow: sales 616,000 net operating income 31,200

Break-even point= fixed costs/ contribution margin

Break-even point (dollars)= fixed costs/ contribution margin ratio

Contribution margin= selling price - unitary variable cost

Contribution margin ratio= contribution margin/ selling price

6 0
3 years ago
In 2020, HD had reported a deferred tax asset of $130 million with no valuation allowance. At December 31, 2021, the account bal
Ray Of Light [21]

Answer:

The income tax expense for 2021 income statement is $101 million as computed in the explanation section below.

Explanation:

The income tax expense in the year 2021 is the income taxes payable while adding the reduction in deferred tax asset or deducting the increase in deferred tax asset plus the portion of the current deferred tax asset not realizable using the applicable tax rate as found below:

Income tax payable                                                          $90 million

deduct;increase in deferred tax asset($170-$130)         ($40 million)

Add;unrealized deferred tax asset($170*30%)                $51 million

Income tax expense for 2021 income statement            $101 million

6 0
3 years ago
Grengens, a European chocolate manufacturer, received several complaints from customers about the quality of its product when it
Kay [80]

Answer:

Letter E is correct. <u>Product disapprobation.</u>

Explanation:

In this matter, we can say that the factor that probably dictated the adaptation of Greengens products in this scenario was the product's disapproval.

This failure of the chocolate company Greengens was due to some management error and analysis of the market in question. When entering an international market, the company must analyze a series of important variables for the product to be accepted by the local public, no matter how standardized the product is, there are some local characteristics that should not be disregarded, such as local values, culture , needs, tastes, etc., which means that an adaptation of a product or service is necessary for it to be actually accepted and consumed in a given country.

4 0
4 years ago
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