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nevsk [136]
3 years ago
9

Todd irrevocably transfers property to a trust over which he retains an annuity payment each year equal to 6% of the initial fai

r market value of the property transferred to the trust. Todd designates the United Way as the remainder beneficiary. Which of the following statements concerning this transfer is true?
a. Todd can make an additional contribution to the trust in subsequent years.
b. Todd must inform the United Way of their right to the remainder of the trust s assets.
c. Todd will receive an income tax charitable deduction on his income tax return for the year in which the trust is formed.
d. The United Way can force Todd to transfer the present value of their interest to them immediately.
Business
1 answer:
evablogger [386]3 years ago
5 0

Answer: Todd can make an additional

contribution to the trust in subsequent year

Explanation:

He his at liberty to do this if willing.

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Answer:

The correct answer is B. If there are 10 plants producing the total domestic consumption of a product and each plant is operating at minimum efficient scale, then each plant accounts for 10 percent of domestic consumption.

Explanation:

It is understood that the total consumption of a product is 100% of it. Therefore, as long as there are 10 plants that, producing at a minimum efficiency scale on an equal basis, cover this total consumption, the percentage of consumption that each plant produces will be 10%.

This is so because 100/10 = 10, provided that it is considered that the production is carried out equitably between each of the production plants.

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8 0
2 years ago
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