Barry and his wife Mary have accumulated over $6 million during their 50 years of marriage. They have six children and eight grandchildren. How much will Barry and Mary remove from their estate if they gift the maximum amount possible in 2013 to their children and grandchildren without incurring any gift tax liability?

Answers

Answer 1
Answer:

Answer:

$84,000

Explanation:

Based on the scenario being described within the question it can be said that the maximum amount that they can gift would be $84,000. This is because the maximum that can be given in 2017 is $14,000 to any single individual. Therefore the maximum is calculated as the following = $14,000 × Number of children × Number of spouses giving gifts. Now we plug in the values from this situation:

=$14,000 × 3 × 2

=$84,000

Leaving us with a total gifting amount of $84,000


Related Questions

#1. What is true about economic resources? Economic resources include only money./ Economic resources are limited./ Economic resources exist only at the individual level. / Economic resources are always controlled by the government.....#2. An economy where more money is being collected than is being allocated or spent is known as what type of economic stance? Expansionary/ Contractionary/ Neutral / Exceptionary
Which of the following is not a valid FICO credit score?A. 475 B. 375 C. 275 D. 575
Rita and Jose Hernandez want to assess their financial progress over the next few years. They have decided to take a reading of their status every New Year's Day. Which financial statement would they prepare each year?A. WillB. Cash-flow statementC. Balance sheetD. Federal income tax return
Why is it important to read a monthly statement closely?
What identifies the pattern used for each data series in a chart

What are indicators that economists use to measure how an economy grows? Select all that apply.

Answers

Answer;

  • measuring what the economy produces
  • studying the economy of another country
  • tracking how many workers have jobs

Explanation;

An economic indicator is a statistic about an economic activity. Economic indicators allow analysis of economic performance and predictions of future performance.

Economic indicators are key statistics that indicate the direction of an economy. While the indicators can be numerous, there are three broad categories of economic indicators: leading indicators, coincident indicators and lagging indicators.

The indicators that economists use to measure how economy grow is comparing the economy of a country to other countries economy especially countries that are doing well.

What are indicators?

Indicators act as pointers, they are used to identify either a problem or progress.

They can help to know or measure progress in company or country.

Therefore, The indicators that economists use to measure how economy grow is comparing the economy of a country to other countries economy especially countries that are doing well.

Learn more on indicator below

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Which of the following is NOT considered a traditional workplace document?a. manual
b. memo
c. printed letter
d. chain e-mail

Answers

The workplace document that was not considered a traditional document is given in option (d): " chain e-mail."

What are workplace documents?

Workplace documents could be a report, notes, or manuals. Manuals, memos, and reports are used as informational tools. It begins by describing specific items or occasions, followed by references and citations.

They are typically employed for formal workplace communication. These works have a specific format and incorporate technical writing.

The Workplace Papers examination gauges a person's ability to comprehend and use information from actual workplace documents when making choices and resolving issues.

The other normal workplace documents are;

  • Messages
  • Emails
  • Letters
  • Directions
  • Signs
  • Bulletins
  • Rules
  • Websites
  • Contracts
  • Regulations

Everyone you work with will have more knowledge overall thanks to documentation. You'll gain from more transparency and a more cooperative and strategic culture when sharing knowledge is expected on your team.

Therefore, as a result, in the case of traditional workplace documents, chain e-mail is the correct answer. Hence, option (d) needs to be selected as the answer.

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I think it's B. Not c or d or sure

An important part of the official government plan for restructuring the economy was _____. A) state-run businesses
B) privatization
C) barter
D) the black market

Answers

Your answer is .... PRIVATIZATION.

Suppose adding cameras to cell phones caused the demand for cell phones to increase. As a result of this investment, cell phone producers sold more cell phones and earned more revenue. This investment most likely also _____ opportunities in the digital camera industry. did not affect
increased
reduced

Answers

Answer:

reduced

Explanation:

Since people had already a digital camera in their cellphones and everyone is buying a cellphone, the opportunities for the digital camera industry started to decrease since the demand for digital cameras was decreasing, since more and more people had a digital camera on their cellphones less people wanted to buy a digital camera.

It will reduced the opportunities in digital camera industry

If the cell phone producers produced more phone that already have camera in it, the consumers will be less likely to buy another digital camera,

and this will lower the revenue of Digital Camera's producers and reduced their opportunities

Recommend four aspects you would include when preparing a flyer

Answers

1) I would make it very colorful, catchy to the eye.

2) I would make some of the information interesting and hold on to the viewer.

3) Try to make it look neat and professional. It helps with the type of audience you're looking for.

4) I would also include a lot of detailed information so that all ends are tied up nicely and the reader doesn't still have unanswered questions.

Flyers are a very valuable marketing tool for small business owners. You might mail out flyers to your regular customers for a specific product, service or event, or send flyers to potential new clients, or else display or pass out flyers in an area frequented by many people

Thomas Trotte is 50 years old. He wants to purchase a $50,000, 5-year term life insurance policy. The premium per $1,000 is $5.80. What is his annual premium?

Answers