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Juliette [100K]
3 years ago
12

The best life insurance policy for the payment of federal estate taxes for a 55-year-old couple with illiquid assets is:________

__ A. AN individual whole life policy on each spouse on a cross-ownership basis B. A joint first to die life insurance policy owned jointly C. A jount last to die insurance policy owned by the spouse with the larger estate D. A joint and last to die insurance policy owned be an irrevocable life insurance trust
Business
2 answers:
poizon [28]3 years ago
8 0

Answer:

D

Explanation:

Answer: d) A joint and last-to-die life insurance policy owned by an irrevocable life insurance trust.

Klio2033 [76]3 years ago
6 0

Answer:

D. A joint and last to die insurance policy owned be an irrevocable life insurance trust

Explanation:

the fair market value of all real and personal property owned at death, transfers with a retained life estate, transfers taking effect at death, revocable transfers, annuities, joint interests, certain powers of appointment, and certain proceeds of life.

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Why would an entrepreneur be best suited to opening a new business, rather than buying an existing business or franchise?
Mariulka [41]

Answer:

For example, it's really easy to finance while buying in an existing business while starting a new one. In Addition tons of bankers and investors all around the world would feel more comfortable dealing with a business that already has had a proven track record.

Explanation:

3 0
3 years ago
Zhang Company reported Cost of goods sold of $835,000, beginning Inventory of $37,200 and ending Inventory of $46,300. The avera
Lilit [14]

Answer:

Average inventory= $41,750

Explanation:

Giving the following information:

Beginning Inventory= $37,200

Ending Inventory= $46,300

<u>To calculate the average inventory, we need to use the following formula:</u>

Average inventory= (beginning inventory + ending inventory) / 2

Average inventory= (37,200 + 46,300) / 2

Average inventory= $41,750

6 0
3 years ago
Which part of a modern firearm has the same function as the lock on a muzzleloader?
siniylev [52]
The action is the same
3 0
3 years ago
Tim is a single, cash-method taxpayer with an AGI of $50,000. In April of this year, Tim paid $740 with his state income tax ret
oksano4ka [1.4K]

Answer: $5960

Explanation:

Based on the analysis and the information provided in the question, the amount of taxes that Tim can deduct as an itemized deduction will be the addition of the Tim's state income tax return for the previous year, the state tax that was held during the year and the estimated state tax payment. This will be:

= $740 + $4200 + $1020

= $5960

Therefore, the amount of taxes that Tim can deduct as an itemized deduction will be $5960.

3 0
3 years ago
Akwamba made this statement ‘organisations cannot be successful if managers fail to pay attention to the forces in the external
PIT_PIT [208]

Answer:

Yes, I agree

Explanation:

As managers in an organization, proper attention must be paid to the forces in the external environment because these forces are dynamic and business cannot exist without them hence must align with these changes inorder to be successful.

Some of theses forces have direct impact with an organization such as customer's reaction to a company's product, how well the company stays ahead of it's competitors , suppliers and creditors. External forces in the environment that have indirect impact to a company are compliance with local laws, socio cultural forces, religion etc.

Practical examples

• Customer's reaction to a product speaks to what measures are taken by a company to improving the quality of products produced and sold. Favourable reaction would make the company succeed while unfavourable reaction could mar the company's performance.

• Level of compliance with local laws is also an important force in the external environment that must be adhered to. If a company must succeed, it must comply with local laws and order, failure to do so could result to fine or expulsion from the community.

5 0
3 years ago
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