Business, 12.12.2019 05:31 juana18

This year colleen transferred $100,000 to an irrevocable trust that pays equal shares of income annually to three cousins (or their estates) for the next eight years. at that time, the trust is terminated and the corpus of the trust reverts to colleen. required: a-1: determine the amount, if any, of the current gifts and the taxable gifts. if necessary, you may assume the relevant interest rate is 6 percent and colleen is unmarried. a-2: what is your answer if colleen is married and she elects to gift-split with her spouse? (round discount factors to 3 decimal places and other intermediate calculations and final answers to the nearest whole dollar amount).

a-1: amount of current gift?

amount of taxable gift?

a-2: amount of colleen's current gift?

amount of collen's taxable gift?

Answers: 1

Show answers

Other questions on the subject: Business

Business, 22.06.2019 07:50, pattydixon6

The questions of economics address which of the following ? check all that apply

Answers: 3

continue

Business, 22.06.2019 12:10, felisha1234

Bonds often pay a coupon twice a year. for the valuation of bonds that make semiannual payments, the number of periods doubles, whereas the amount of cash flow decreases by half. using the values of cash flows and number of periods, the valuation model is adjusted accordingly. assume that a $1,000,000 par value, semiannual coupon us treasury note with three years to maturity has a coupon rate of 3%. the yield to maturity (ytm) of the bond is 7.70%. using this information and ignoring the other costs involved, calculate the value of the treasury note:

Answers: 1

continue

Business, 22.06.2019 16:10, boogerbuttday

Omnidata uses the annualized income method to determine its quarterly federal income tax payments. it had $100,000, $50,000, and $90,000 of taxable income for the first, second, and third quarters, respectively ($240,000 in total through the first three quarters). what is omnidata's annual estimated taxable income for purposes of calculating the third quarter estimated payment?

Answers: 1

continue

Business, 22.06.2019 19:50, joel4676

The new york company produces high quality chairs. variable manufacturing overhead is applied at a standard rate of $12 per machine hour. each chair requires a standard quantity of six machine hours. production for the month totaled 4,000 units. calculate: the standard cost per unit for variable overhead. select one: a. $130,000 b. $192,000 c. $90,000 d. $100,000

Answers: 2

continue

You know the right answer?

This year colleen transferred $100,000 to an irrevocable trust that pays equal shares of income annu...