which of the following gift transactions requires the filing of a gift tax return? a man pays $100,000 directly to a hospital to pay the medical expenses of his best friend. a husband gives his wife a house with a fair market value of $3 million. an uncle gives his niece $5,000 in cash. a father gives his son $16,000 in cash and his spouse agrees to gift splitting.
Answers
The following gift transactions requires the filing of a gift tax return is :
A father gives his son $16,000 in cash and his spouse agrees to gift splitting.
What is meant by tax return ?A tax return is one or more forms submitted to a taxing body that include earnings, outlays, and other crucial tax data. Tax returns give taxpayers the option to determine their tax liability, plan out their tax payments, can request reimbursements for any additional taxes they paid that weren't necessary.
Since the government is the one that prints the money, returning some of it to the issuer by paying taxes is the same as returning the money.
Although they are not the same thing, tax refunds and tax returns are connected. For instance, your tax refund may increase depending on the credits and deductions you claim. Additionally, if you need to get your anticipated refund quickly, filing online and well in advance of the due date will help.
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Related Questions
Pretend you are President of the United States. The Citizens and the economy of the USA need financial assistance to get back on their feet. List and describe three fiscal Policies you would initiate (describe each policy in 3 sentences):
Answers
Assuming i am the President of U.S. and the country needs a financial assistance to get back on their feet. The most likely fiscal Policies we would initiate are the:
contractionary fiscal policyexpansionary fiscal policyWhat do we call a Fiscal policy?In economics, a fiscal policy refers to a governmental decision to increase or decrease taxation and spending. Most time, a Fiscal and monetary policy are often used together to influence the economy. But the fiscal policy can affect a company’s growth, hiring ability and taxes.
We have 3 types of fiscal policy which includes a neutral, expansionary, and contractionary fiscal policy. The neutral policy is one where government takes no steps to provide economic support because it feels the economy is healthy and stable, the expansionary fiscal policy mainly involves increasing spending or cutting taxes to prevent or end a recession or depression and the contractionary fiscal policy involves cutting spending or raising taxes to slow down unsustainable economic growth.
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Two profit-maximizing firms - Firm A and Firm B, have identical marginal cost curves and face identical demand. However, Firm A has a higher fixed cost than Firm B. What will be true about the output produced by the two firms?
Answers
Answer:
An apple, potato, and onion all taste the same if you eat them with your nose plugged
Explanation:
Bridgett received her bank statement with a previous balance of $181.36. Total deposits were $475.00. Total checks written were $165.25. The service charge was $7.00. How much money does Bridget have in her checking account?
Your answer:
-$121.39
$484.11
$491.11
Answers
Answer:
$484.11
Explanation:
Calculation to determine How much money does Bridget have in her checking account?
Previous balance of $181.36
Add Total deposits $475.00
Less Total checks written $165.25
Less service charge $7.00
Checking account balance $484.11
Therefore How much money does Bridget have in her checking account is $484.11
in a sale-leaseback transaction, Reddy Company is the seller-lessee and Kaiser Company is the buyer-lessor If none of the five criteria used to determine classification of the leake is met. Select one: a. The lease is labeled a "tailed cale" b. Reddy will record the sale of the asset, followed by a Note Pecevabie. E. Reddy can record a gain on the sale, but not a loss: d. Reddy will record the lease as an operating lease: e. Kaser will record the lease as a finance lease.
Answers
In a sale-leaseback transaction, Reddy Company is the seller-lessee and Kaiser Company is the buyer-lessor.
If none of the five criteria used to determine the classification of the lease is met, Reddy will record the lease as an operating lease.
In a sale-leaseback transaction, the owner of an asset sells it and then immediately leases it back from the purchaser.
In this case, Reddy Company sells its asset to Kaiser Company and leases it back.
The lease agreement between Reddy and Kaiser will have to be classified as either an operating lease or a finance lease.
However, if none of the five criteria used to determine the classification of the lease is met, Reddy will record the lease as an operating lease.
Therefore, option d: "Reddy will record the lease as an operating lease" is the correct answer.
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some writers deny that employees have any obligation of loyalty to the company, because
Answers
Some writers deny that employees have any obligation of loyalty to the company, because companies are not the kind of things that are properly objects of loyalty
Why is it important for employees to be loyal?Employees that are devoted to their employers are more likely to put more effort into their work, come up with novel solutions, and go above and beyond. After all, loyal workers are content workers, and as Forbes notes, content workers translate into "hefty earnings."
Almost all workers have a legal obligation to be loyal to their employers. This holds true whether the employment contract was made orally or in writing, and whether or not the need to perform the duty was specifically mentioned in the contract.
Hence, Loyalty is one of an employee's obligations to their employer. Every state's laws require employees to abstain from acting in a way that would be detrimental to their employer's interests; this requirement is frequently referred to as the "duty of loyalty."
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.Variety is the spice of life. application
Answers
Answer:
What? Sorry, but what is your question?
Explanation:
Which of the following are characteristics of a scarce resource?
Choose 1 answer:
Choose 1 answer:
(Choice A)
A
The supply of the resource exceeds the demand of the resource.
(Choice B)
B
There is a fixed quantity of the resource available but no demand for it.
(Choice C)
C
There is a demand for that resource with limited supply.
(Choice D)
D
There is limited supply of a resource with no demand for that resource.
(Choice E)
E
The resource has unlimited supply and limited demand.
Answers
There is a demand for that resource with limited supply are characteristics of a scarce resource. When the demand for a natural resource exceeds the supply, resource scarcity results, which causes the stock of those resources to decrease.
As a result of rising costs that make the demand resource less accessible to those who are least well-off, this might result in unsustainable supply growth and an increase in inequality. When there aren't enough resources to meet everyone's needs, there is scarce resource. Oil is among the most well-known instances of how resource scarcity affects the United States. Local gas prices will surely climb when oil prices around the world do.
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the problem solving approach followed by an organizational buyer in a new task buying situation is: a. selective. b. extensive. c. cerebral. d. systematic. e. none of the answer choices
Answers
The problem solving approach followed by an organizational buyer in a new task buying situation is: b. extensive.
The required details about organizational buyer is mentioned in below paragraph.
Organizational buyers are people who represent an organization. When making purchases, these buyers frequently consider both their own tastes and the expected preferences of the customers to whom the organizational buyer's business will sell.. There are various types of organizational purchasers. Resellers are either wholesalers or retailers who purchase goods from one company and resell them to another. For instance, major grocery chains may purchase goods directly from producers and resell them to final customers.
The three different buy classes are: (1) new buy, where an organization purchases a good or service for the first time; (2) straight rebuy, where an organization purchases a good or service from a list of approved suppliers again; and (3) modified rebuy, where an organization's buying center modifies the good's specifications.
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which of the following components represent the value of income? select all that apply.
Answers
The components that represent the value of income include wages earned, rent, investment spending, interest, and profits.
Income can be categorized into various components that contribute to the overall value. Wages earned refers to the compensation received by individuals for their labor or services. Rent represents the income generated from the use of property or assets.
Investment spending refers to the expenditures made by businesses to acquire capital goods and expand their operations. Interest represents the income earned from lending money or investing in financial assets. Profits are the surplus earnings of a business after deducting expenses from revenue.
Net exports, consumer spending, and government spending are not directly related to the value of income. Net exports represent the difference between exports and imports and are part of the current account in the balance of payments. Consumer spending refers to the expenditures made by individuals on goods and services, while government spending represents the expenses incurred by the government in various sectors.
Therefore, the components that specifically represent the value of income are wages earned, rent, investment spending, interest, and profits.
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The complete question is:
Which of the following components represent the value of income? Select all that apply.
net exportswages earnedrentinvestment spendingconsumer spendinggovernment spendinginterestprofitsThe principle of ____ in the products liability context holds that all merchant sellers of a defective and dangerous product are fully and equally liable for the injuries caused by the product regardless of who among them is at fault for the defect in the product.
Answers
Answer: Strict product liability
Explanation:
Strict product liability holds that all merchants sellers of defective and dangerous product are responsible for the outcome of their products regardless of who among them is at fault. The merchants bear the risk for this particular product based on how dangerous they seen to be.
Tommy agrees to buy a house for $84,500. He pays $2,000 as earnest money and obtains a new mortgage loan for $67,600. The purchase contract provides for a Mar. 15 settlement. Tommy and the sellers prorate the present year's real estate taxes of $1,880.96, which have been paid. The buyer is responsible for the day of closing. Tommy has additional closing costs of $1250. Using the "actual number of days" method, how much cash must Tommy bring to the settlement?
Answers
Answer: $17,654.97
Explanation:
In order to solve the question, the first thing to do is to count the number of days from March 15 to Dec. 31. In this case, we will have 292 days.
Then we get the daily rate which will be:
= $1,880.96/365
= $5.153.
Then, we multiply the daily rate of $5.153 by the number of days which will be:
= $5153 × 292 days
= $1,504.97.
Then, we calculate the down payment, which will be:
= $84,500 - $67,600
= $16,900
We then deduct the $2,000 that has already been paid. This will be:
= $16900 - $2000
= $14900
Adding together all the values then the total cash that Tommy must bring to the settlement will be:
= $14900 + $1,504.97 + $1,250
= $17,654.97
Why might working on a commission basis make dealing with finances more difficult?
(need a few sentences)
Answers
______ is the ability to change and be flexible as problems arise and priorities shift.
Answers
Answer:
Adaptability is the answer
Have you ever purchased something based on the recommendation of a social media influencer? If so, explain what you purchased, who the influencer was, and why their recommendation mattered. If not, how have you avoided the urge to buy based on social media?
Answers
Answer:
I actually bought the benefit cosmetics roller lash mascara because of an IG influencer's high rating of the product. I don't remember exactly who the influencer was, but she was very popular. I trusted her reccomendation because of her popularity and status. I ended up disliking the mascara, and now I usually only get reccomendations from people I actually know.
Explanation:
Hope this helps!
Assume a bond is currently selling at par value. What will happen in the future if the yield on the bond is lower than the coupon rate
Answers
Answer:
The answer is 'The price of the bond will increase'
Explanation:
Bond and its price are indirectly related i.e If one goes up, the other goes down. What this means is that, if the yield of the bond is lower than coupon rate(coupon rate greater than bond yield), the price of the bond will increase. And also if the yield of the bond is higher than coupon rate(coupon rate lower than bond yield), the price of the bond will decrease.
Which one of the following factors or influences is not a strategically relevant components?a. Industry growth, competitive pressures, forces driving industry change, factors affecting future competitive success, and the industry's profit outlook b. Political, regulatory, and legal influences Investor confidence in the company's future business prospects and the capabilities of its top executive team c. Sociocultural forces and technological influences d. General economic conditions
Answers
Political, regulatory, and legal influences Investor confidence in the company's future business prospects and the capabilities of its top executive team. The answer is b.
While these factors may be important to a company's overall success, they are not considered to be strategically relevant components that directly impact competitive success in the industry. The other factors listed, such as industry growth, competitive pressures, forces driving industry change, factors affecting future competitive success, and the industry's profit outlook, are all critical components that can have a significant impact on a company's ability to succeed in the market. The other options (A, C, and D) focus on factors that directly affect competitive success and industry dynamics, while option B includes investor confidence and executive team capabilities, which are not solely related to strategic factors.
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Select the best answer for the question.
1. You are operating an ice cream truck. Which of the following would you categorize as COGS?
OA. Cost of the permit to operate the ice cream truck.
O B. Cost of the ice cream, cones, and toppings.
OC. Your salary.
OD. Gas and maintenance costs.
Answers
Select the best answer for the question. B
1. You are operating an ice cream truck. Which of the following would you categorize as COGS?
A. Cost of the permit to operate the ice cream truck.
B. Cost of the ice cream, cones, and toppings.
C. Your salary.
D. Gas and maintenance costs.
Which statement best explains why this passage is an
effective use of rhetoric?
Let us not overlook the fact that the small, independent
business man or woman creates more than 80 percent of
all the new jobs and employs more than half of our total
work force. Our across-the-board cut in tax rates for a 3-
year period will give them much of the incentive and
promise of stability they need to go forward with
expansion plans calling for additional employees.
Tonight, I renew my call for us to work as a team, to join
in cooperation so that we find answers which will begin
to solve all our economic problems and not just some of
them. The economic recovery package that I've outlined
to you over the past weeks is, I deeply believe, the only
answer that we have left.
--President Ronald Reagan
April 28, 1981
O Reagan employs a tone that is both academic and
commanding
O Reagan uses both facts and inspirational language
to persuade the audience.
O Reagan feels no need to support his ideas with
evidence.
O Reagan skillfully shifts the responsibility for the
budget to Congress.
Me
The answers B by the way
Answers
Answer:
His economic plan will benefit most people.
Explanation:
just took it
Answer:
The answer is B
Explanation:
A FEATURE FILM PROMOTING ENTREPRENEURSHIP SOLD ALMOST HALF OF THE TOTAL TICKETS. TICKETS WERE PRICED AT PHP 75 FOR STUDENTS. IF THE AMOUNT COLLECTED FROM THE TICKETS WAS PHP 11,250,HOW MANY TICKETS OF STUDENTS WERE SOLD?
Answers
Answer:
150 tickets
Explanation:
Writing out needed parameters :
Price per student ticket (price of one student ticket) = PHP 75
The total revenue made from ticket sales ; (Total amount earned from the sale of student tickets) = PHP 11,250
The number of student tickets sold will be:
Total amout earned from sale / cost per ticket
PHP 11250 / PHP 75
= 150 tickets
• To whom does the FCPA apply?
Answers
The FCPA applies to the following persons or organizations in the United States and around the world.
1. Domestic concerns- The FCPA applies to every U.S. citizen and permanent resident. It also applies to any company that has its headquarters in the United States or conducts some of its business there.
2. Companies listed on US securities exchanges- The FCPA applies to any foreign company that is publicly traded on US exchanges or that files periodic reports with the Securities and Exchange Commission (SEC).
3. International concerns- any corporation or person who acts as an agent, employee, officer, director, or shareholder of a domestic concern may be held liable for Foreign Corrupt Practices Act (FCPA) violations that occur outside of the United States. The Foreign Corrupt Practices Act is a law that regulates bribery of foreign officials by US companies and citizens. Its main purpose is to prevent corruption in international business transactions.
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Which deduction generally makes up the largest portion of income subtracted from an employee?
A) taxes
B) unemployment
C) health benefits
D) 401K retirement
Answers
Answer:
it's taxes
EXPLANATION:
Conflicts of interest between shareholders and managers may cause managers to propose ________ projects over ________ projects.
Answers
Conflicts of interest between shareholders and managers may cause managers to propose self-serving projects over shareholder-oriented projects.
Shareholders are individuals or entities that own shares or stock in a company. When a person purchases shares of a company, they become a shareholder and acquire ownership in the company proportional to the number of shares they hold.
Shareholders have certain rights and privileges within a company. They have the right to vote on important matters, such as electing the board of directors or approving major corporate decisions.
Shareholders also have the potential to receive financial returns through dividends, which are distributions of the company's profits to shareholders, and capital gains, which occur when the value of the shares increases.
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Which of the following is NOT one of the four components of the business process
Answers
Answer:
mark me as the brainliest plss
According to the video, what are some tasks that Construction Managers perform? Select four options.
installing plumbing and electrical fixtures
purchasing land to build on
deciding on construction methods
hiring contractors
selling building materials to laborers
making schedules
getting permits and licenses
creating architectural plans
Answers
Tasks. To fulfill deadlines, arrange or manage the activities of a construction project. Prepare and send cost tracking reports, progress reports, or budget estimates. Thus option C, D, F, G is correct.
What are Construction Managers to perform?A representative of the owner or developer, such as administrative personnel, employees, or clients, shall interpret and explain the plans and the conditions of the contract.
Construction project planning, coordination, budgeting, and completion are all under the control of construction managers.
A construction manager performs the following duties at a high level: The entire building project is planned out with deadlines and checkpoints. Employs and oversees personnel and contractors.
Therefore, the planning or management of a construction project's activities to meet deadlines.
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Active listening is a process of communication in which the listener engages the speaker by repeating or rephrasing the speaker’s words; the listener may also mirror body language or _____.
apathetic behavior
tone of voice
nervous tics
hand gestures
Answers
Answer: tone of voice
Explanation:
Active listening refers to a process of communication whereby the speaker is engaged by the listener who repeats the words or statements heard.
Active listening involves the individual listening with all his or her senses and giving the speaker all the attention needed.
In active listening, the listener can mirror the body language or the tone of voice of the speaker. Active listening can be either acquired or developed through constant practice.
What are the differences among class, exception, and commodity rates?
Answers
Class rates, exception rates, and commodity rates are different categories used in pricing and taxation.
1. Class rates: These rates are used to categorize goods or services based on specific characteristics or attributes. For example, items can be classified as luxury, basic, or premium based on their quality or features. The pricing structure for each class can differ.
2. Exception rates: These rates are applied to specific cases or circumstances that deviate from the norm. Exceptions may arise due to factors like location, time, or special conditions. For instance, taxes on certain goods or services may be exempted or reduced in specific regions or during particular events.
3. Commodity rates: These rates are specifically applied to commodities, which are generally raw materials or primary goods that can be bought or sold in bulk. Commodity rates can fluctuate based on supply and demand dynamics, market conditions, and other factors.
In conclusion, class rates are based on categorizing goods or services, exception rates are applied to specific cases, and commodity rates are specifically for commodities. These terms are used to establish pricing and taxation structures in different contexts.
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CAN SOMEONE PLS HELP ME!!
Aspirin is one of the most widely used drugs in the world. Although many companies make and sell aspirin, all aspirin is pretty much the same. Because aspirin is a drug, the government has some control over companies that make it.
Is this an example of perfect competition? Why or why not?
Answers
Answer:
Yes
Explanation:
Because multiple companies are fighting over who will buy theirs even thought there all the same plz mark me Bg brain
It is an example of perfect competition because the many companies are the involved they make and sell aspirin.
What is perfect competition?The competition of the market type is the perfect competition. Because there is less competition in the market, consumers have more options for products from various brands. The result is ultimately more competitive pricing and brings a cheaper product to the consumer.
The market is the based of the consumer demand and preferences. The perfect competition was the based of the so many brands are to exist in the market. The price are the increased the consumer are the shift to another goods and services. The example of the aspirin is drug in the world are the sell and make aspirin, the companies are the fighting to the sale in the market.
As a result, the example of the perfect competition.
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If a country in Europe receives foreign aid from the government of another country then the country has a
trade surplus.
O trade deficit.
O positive or favorable balance of payments.
O negative or unfavorable balance of payments.
Answers
Answer:
positive or favorable balance of payments.
The success of sports marketing does not depend upon ______.
Answers
The success of sports marketing does not depend on any single factor, instead, it is the result of a combination of various factors.
Here are some of the key factors that contribute to the success of sports marketing to understand the target audience: The success of sports marketing depends on understanding the demographics and psychographics of the target audience. Marketers must identify the interests, behaviors, and attitudes of the target audience to develop targeted marketing campaigns.
Strong branding: Sports marketing success also depends on strong branding. This includes developing a unique brand identity, establishing a brand voice, and creating a brand personality that resonates with the target audience.
Engaging content: Engaging and relevant content is also important for sports marketing success. This may include highlights of games, player interviews, behind-the-scenes footage, and other content that is relevant to the target audience.
Sponsorship and partnerships: Partnerships with other brands and sponsorships can help increase the reach and visibility of sports marketing efforts. This also helps create a positive association between the brand and the sports team or athlete.
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How do depreciating assets hurt your financial health?
a. They decrease your net worth.
b. They increase your discretionary spending.
d. They lower your FICO score.
c. They increase your equity.
Answers
Answer:
A
Explanation:
net worth is based on assets and income so if assets decrease your net worth decreases