Phil operated his personal vehicle for business purposes in 2021. If he travels 20,000 miles on business and uses the business standard mileage deduction, by what amount must he reduce the vehicle’s basis?.

Which type of data is generally stored in different file formats, such as text files, spreadsheets, and so on?

Which value describes the desire to be one’s own boss? a. autonomy b. status c. security d. entrepreneurship

In 2015, lori assigned a paid-up whole life insurance policy to an irrevocable life insurance trust (ilit) for the benefit of her three children. the ilit contained a crummey provision for the benefit of each child. at the time of the transfer, the whole life insurance policy was valued at $200,000, and since lori had not made any other taxable gifts during her lifetime, she did not owe any gift tax. lori died in 2016, and the face value of the whole life insurance policy of $2,000,000 was paid to the ilit. regarding this transfer, how much is included in lori’s gross estate at her death?