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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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Elizabeth Kennedy sells beauty supplies. Her annual demand for a particular skin sparkle is 17,000 units. The cost of placing an
elena-s [515]

Answer:

The minimum cost will be "$214085".

Explanation:

D = 1700 units \\\\S =  \$ 50 \\\\H=  20%\\

i) When quantity = 1-1500,  price = $ 12.50 , and holding price is $12.50 * 20 %= $2.50.

ii) When quantity = 1501 -10,000,  price = $ 12.45 , and holding price is $12.45 * 20 %= $2.49.

iii) When quantity = 10,0001- and more,  price = $ 12.40 , and holding price is $12.40 * 20 %= $2.48.

EOQ= \sqrt{\frac{2DS}{H}} \\\\EOQ1= \sqrt{\frac{2\times 17000\times 50}{2.50}} \\\\EOQ1=824.62 \ \ \ or \ \ \ 825\\

EOQ2= \sqrt{\frac{2\times 17000\times 50}{2.49}} \\\\EOQ1=826.2T \ \ \ or \ \ \ 826\\

EOQ3= \sqrt{\frac{2\times 17000\times 50}{2.48}} \\\\EOQ3=827.93 \ \ \ or \ \ \ 828\\

know we should calculate the total cost of EOQ1 and break ever points (1501 to 10,000)units

total \ cost = odering \ cost + holding \ cost + \ Annual \ product \ cost\\\\total_c  = \frac{D}{Q} \times S +  \frac{Q}{2} \times H + (p \times D) \\\\T_c  = \frac{17000}{825} \times 50+  \frac{825}{2} \times 2.50 + (12.50 \times 17000)\\\\T_c = 1030 .30 +1031.25+212500\\\\T_c =$ 214561.55\\\\

T_c  = \frac{17000}{1501} \times 50+  \frac{1501}{2} \times 2.49 + (12.45 \times 17000)\\\\T_c = 566.28 +1868.74+211650\\\\T_c =$ 214085.02 \ \ \ or \ \ \  $ 214085\\\\

T_c  = \frac{17000}{10001} \times 50+  \frac{10001}{2} \times 2.48 + (12.40 \times 17000)\\\\T_c = 84.99+ 12401.24+210800\\\\T_c =$ 223286.23 \\

The total cost is less then 15001. So, optimal order quantity is 1501, that's why cost is = $214085.

5 0
3 years ago
Assume that Puritan Corp. operates in an industry for which NOL carryback is allowed. Puritan Corp. reported the following preta
timama [110]

Answer:

$87,120

Explanation:

The calculation of the deferred tax asset for the NOL carryforward is given below:

= (Year 2021 loss - Year 2022 income) × tax rate applicable for all years

= ($600,000 - $358,000) × 36%

= $242,000 × 36%

= $87,120

Since in a year 2021 it is a loss and the income in year 2022 that is to be adjusted and the same is considered in the computation part

Hence,  the deferred tax assets for the NOL carryforward is $87,120

6 0
3 years ago
Yolanda is a cash basis taxpayer with the following transactions during the year: Cash received from sale of products $66,000 Ca
riadik2000 [5.3K]

Answer:

$23,500

Explanation:

Net income is arrived at by deducting relevant expenses for the year from the gross income for the year. In this question, sales income is used to represent gross income. The net income can therefore be calculated as follows:

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Net Income = $66,000 - $40,000 - [$45,000 × (1/18)] - 0

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                    = $23,500

Therefore, net income is Yolanda's net income $23,500.

Note that [$45,000 × (1/18)] is used to calculate rent for only one which is December of the calendar year since the rent was paid for 18 months.

8 0
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Angelina_Jolie [31]

Answer: Option B

             

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In such a speech the receiving party shows gratitude and tries to connect with their audience by showing sentiments and proud of receiving the award. These speeches are  usually very brief and to the point but sometimes an extension is made by the deceiving party, stating some past events or making motivational statements to the audience.

In the given case, Carlos revived the award and thanked the school authority. Hence from the above we can conclude that the correct option is B.

7 0
2 years ago
What are the OSHA violation types
Marina86 [1]
I say to look it up on the internet.


8 0
3 years ago
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