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Anit [1.1K]
3 years ago
13

In 2014, Lena assigned a paid-up whole life insurance policy to an Irrevocable Trust for the benefit of her three children. Lena

died in 2018, and the face value of the whole life insurance policy of $2,000,000 was paid to the Irrevocable Trust. Regarding this transfer, how much is included in Lena’s gross estate at her death? A. $0 B. $45,000 C. $2,000,000 D. $1, 955,000
Business
2 answers:
kaheart [24]3 years ago
5 0

Answer:

A. $0

Explanation:

Hope this helps

Sonja [21]3 years ago
3 0

Answer: A. $0

Explanation:

By current tax rules, any transfers of life insurance policies within three years of the death of the owner of the policy should be included in their gross estates.

As Lena's policy was transferred in 2014 which was 4 years before he death in 2018, it does not qualify to be included in the gross estate so the answer is $0.

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Miller Safety Equipment uses multiple production department rates to apply overhead to products. The company will allocate suppo
natita [175]

Answer:

c.used by the department

Explanation:

Since in the question it is mentioned that Miller Safety Equipment uses multiple production department rates so that it applied the overhead to products.

And according to that the allocation of support department cost to production

Here, the multiple production department rates are used so the support activity should be only used by the department.

5 0
3 years ago
AnyCo is a US consumer product company enjoying broad distribution and dominant market share in its domestic market. An opportun
brilliants [131]

Answer:

AnyCo's BOD should opt for Over the internet distribution mode.

Explanation:

As per the attached sheet, please see that considering the different cost of various alternatives, over the internet distribution mode seems to be the most lucrative one.

Download xlsx
8 0
4 years ago
John House has taken a $250,000 mortgage on his house at an interest rate of 6 percent per year. If the mortgage calls for 20 eq
stiks02 [169]

Answer:

$21,796.14

Explanation:

Use the Time Value of Money techniques to calculate the amount of each installment (PMT)

PV = $250,000

i =  6 %

n = 20

P/yr = 1

FV = $0

PMT = ?

Using a Financial calculator to input the values as above, each annual instalment/payment will be $21,796.14.

8 0
3 years ago
Use your knowledge of management communications to select the three missing labels from the following image.
dybincka [34]

Answer:

A. Purpose-directed: The communication conducted by the manager must be aligned with the culture and value system of the organization

I'm sure about this one but others I have not idea so far If I get it I'll upload then.

5 0
3 years ago
) a substance decays 22ach day. after 7 days, there are 9 milligrams of the substance remaining. how many milligrams were there
mamaluj [8]

A substance decays in 22ach days. after 7 days, there are nine milligrams of the substance last. milligrams had been there to start with:

at the give-up of each day, you are left with (100- 22)% = 7-8%, that is 0.7-8Tim.

To decay is described as to rot, lose strength or become worse. An example of degradation is while old fruit begins to rot. An instance of degradation is whilst a community begins to come to be crime-ridden. A falling into spoil.

a few common synonyms of deterioration are decomposed, putrefy, rot, and spoil. even as these types of words suggest "to go through negative dissolution," decay implies a sluggish exchange from a country of soundness or perfection.

The wooden of the white pine is long-lasting for indoor use, in particular, whilst covered by means of paint, however, while uncovered to moist air it swiftly decays, and it is very prone to dry rot; its miles are said to be excellent while grown on sandy soils.

Learn more about decays here: brainly.com/question/25537936

#SPJ4

7 0
2 years ago
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