Answer:
Schedule E of Form 706
Explanation:
Form 706 is filed by the executor to compute the estate of the deceases and to compute generation skipping taxes. Schedule E of form 706 is filled to estimate taxes due on jointly held property by the deceased and the survivor. The survivor could be spouse or any other family member who have joined tenancy. If property is held in joint tenancy with spouse, then full amount of fair market value of asset is reported.
If property is held in joint tenancy with some other family member, then decedent's share of fair market value of the property is reported and proportion of the amount the member has contributed against the right to hold joint tenancy.
Here, decedent and her brother jointly owned 300 shares. So, this should be reported in Schedule E of form 706
Answer: $907,580
Explanation:
Under Absorption Costing you remove the opening fixed cost balance and add the ending fixed cost balance to find out the net income in this manner,
Net Income under Variable Costing = $911,000
Opening Fixed Overhead Cost
= 1.8 x 56,100
= $100,980
Closing Fixed Overhead Cost
= 1.8 x 54,200
= $97,560
= 911,000 - 100,980 + 97,560
= $907,580
This is the income under Absorption Costing.
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Answer:
using pull money from the bank/business instead of using withdraw or get or take out
I think...
As transportation costs fell, it was easier to get to cities and towns in order to sell surplus goods that these farms produced. Even in subsistence farming, a good year is likely to result in a surplus, and monetizing it would produce discretionary income.
