Business, 21.12.2019 03:31 lays20001

Brad and angelina are a wealthy couple who have three children, fred, bridget, and lisa. two of the three children, fred and bridget, are from brad's previous marriages. on christmas last year, brad gave each of the three children a cash gift of $10,000, and angelina gave lisa an additional cash gift of $40,000. brad also gave stock worth $40,000 (adjusted basis of $10,000) to the actor's guild (an "a" charity).

a. brad and angelina have chosen to split gifts. calculate brad's gift tax. assume that angelina has no previous taxable gifts, but brad reported previous taxable gifts of $2 million in 2009 when he used $345,800 of unified credokit and paid $435,000 of gift taxes.

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 06:00

Suppose that a monopolistically competitive restaurant is currently serving 260 meals per day (the output where mr

Answers: 2

Answer

Business, 22.06.2019 17:40

Slimwood corporation made sales of $ 725 million during 2018. of this amount, slimwood collected cash for $ 670 million. the company's cost of goods sold was $ 300 million, and all other expenses for the year totaled $ 400 million. also during 2018, slimwood paid $ 420 million for its inventory and $ 285 million for everything else. beginning cash was $ 110 million. carter's top management is interviewing you for a job and they ask two questions: (a) how much was carter's net income for 2018? (b) how much was carter's cash balance at the end of 2016? you will get the job only if you answer both questions correctly.

Answers: 1

Answer

Business, 22.06.2019 19:50

Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?

Answers: 3

Answer

Business, 22.06.2019 20:40

The largest elements of community corrections are

Answers: 1

Answer

You know the right answer?

Brad and angelina are a wealthy couple who have three children, fred, bridget, and lisa. two of the...

Questions