Answer:
The Y is the vertical line and X is the horizontal line on the graph. So if you have point so (5,4). Five would be on the X-axis and 4 on Y-axis.
Step-by-step explanation:
Wouldn't it be -1 (minus one)? 12 - 1 = 11 and 9 - 1 = 8.
Answer:
Value of tax liability will be zero
Step-by-step explanation:
Given:
Total estate value = $2,186,000
Estate tax = 40 %
Find:
Heir's tax liability = ?
Computation:
Total taxable estate = Total estate value - Estate Exemption
Note: According to Exhibit 19-6 for Estate Exemption, Estate Exemption is 11.4 million.
We know that Estate Exemption is higher than total estate value, therefore will be no tax liability on the successor, so the value of tax liability will be zero.
c = 1 is the answer when e = 3
