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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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bezimeni [28]

Answer:

1. 60,000 hours

2. $300,000

3. $1,680 Unfavorable

Explanation:

1. The computation of the standard hours allowed for actual production is shown below:

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2. The computation of the applied fixed overhead is shown below:

= Standard hours allowed for actual production × Standard fixed overhead rate

= 6,000 hours × $5

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3. The computation of the total fixed overhead variance is shown below:

= Actual fixed overhead costs - Applied fixed overhead

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= $1,680 Unfavorable

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The 2016 financial statements of The New York Times Company reveal average shareholders’ equity attributable to controlling inte
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