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musickatia [10]
2 years ago
9

At the time of his death on July 9, Aiden held rights in the following real estate: Fair Market Value (on July 9) Apartment buil

ding $2,100,000 Tree farm 1,500,000 Pastureland 750,000 Residence 900,000 The apartment building was purchased by Chloe, Aiden's mother, and is owned in a joint tenancy with her. The tree farm and pastureland were gifts from Chloe to Aiden and his two sisters. The tree farm is held in joint tenancy, and the pastureland is owned as tenants in common. Aiden purchased the residence and owns it with his wife as tenants by the entirety. Compute Aiden's gross estate based on the scenarios:
Business
1 answer:
VladimirAG [237]2 years ago
6 0

Answer:

The answer is \$1,200,000"".

Explanation:

\to [\$500,000 (\frac{1}{3} \times \$1,500,000) + \$250,000 (\frac{1}[3}  \times \$750,000 + \$450,000 (\frac{1}[2}  \times \$900,000]\\\\\\to \$1,200,000

Though this tree farm is jointly held, Aiden is assumed to have given 1/3 of the treatment because his mother gave her a gift to create the lease. The tenancy of the major chunk is subjected to the fifty percent spouse exclusion rule. None of the structures is included as Chloe does not escape Aiden.

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Answer: Kathleen

Explanation:

English Rule is that it does not matter about anyone else in the case. So long as John owes money to Kathleen, then Kathleen is the one who can claim the money.  

5 0
3 years ago
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Answer:

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4 0
3 years ago
Kenya performs research and creates reports for her boss, the company's Chief Executive, Kenya's job title is best
CaHeK987 [17]

Answer:

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call or email the company. Her job title is best described as  a Receptionist

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Explanation:

The administrative assistants, receptionists, and file clerks perform important functions.  In their various capacities and roles, they help their bosses to function more efficiently and effectively by relieving them of routine tasks.  As they perform these duties, their bosses are enabled to concentrate their efforts and time in managing their assigned responsibilities.  However, these job titles are not universally uniform, as it depends on the organization.

4 0
3 years ago
The operating ratio for a PC insurer equals _________. A. loss ratio plus the ratios of loss adjustment expenses to premiums ear
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. E. combined ratio after dividends minus the investment yield

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8 0
2 years ago
Torrey Co. manufactures equipment that is sold or leased. On December 31, 2021, Torrey leased equipment to Dalton for a five-yea
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Answer:

$850,000

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Amount of income should Torrey realize from the lease transaction = Sale price - Cost

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