Conduct Internet research and find whether your state levies inheritance tax. and how is it different from the federal inheritance tax.

Answers

Answer 1

Answer:

My state is Wisconsin, and Wisconsin does not levy a state inheritance tax, nor a estate tax, being one of the 34 states that do not levy any of these two taxes.

This is in contrast with the federal leve, because there is a federal inheritance tax, although with a quite high exemption of around 11 million for individuals, and of 22 million for married couples.

Answer 2

Answer:Inheritance tax is a tax that a person has to pay on money or property inherited after the death of a family member, loved one, and so on. This tax is sometimes referred to as a death tax. It is fundamentally a state tax.

In the federal inheritance or estate tax, the tax value depends on the fair market value of the inheritance. The amount is then levied on the representative of the estate. The taxable amount comes from the value of the estate. Then, the balance goes to the beneficiary of the estate.

As per the state inheritance tax, the beneficiary of the estate must pay the taxable amount. For example, if five family members inherit a property from a deceased relative, each member will individually pay tax on their share of the inheritance

Only eight states have inheritance taxes, these include Indiana, Iowa, Kentucky, Maryland, Nebraska, New Jersey, Pennsylvania, and Tennessee. My state, the state of Texas, does not levy an inheritance tax. Even for states that do levy such taxes, many beneficiaries are exempt from the tax under various circumstances.

Explanation: plutos example after answering question so change it up a little dont use word for word.


Related Questions

Which is a disadvantage of enrolling in a debt-settlement program?
A. The details of the program are fixed and cannot be changed.
B. Your credit report can be negatively impacted.
C. Payment options are limited and require fees.
D. It is difficult to prove that the debt has been satisfied when it is
paid off.

Answers

Answer:

Debt Settlement Program Disadvantages

A debt settlement program requires you to stop paying your creditors, which will add a significant amount to your debt because of late charges and the interest applied. ... Debt settlement is a gamble. If your creditors refuse to settle, you'll be in an even worse financial situation.

A disadvantage of enrolling in a debt-settlement program is the details of the program are fixed and cannot be changed. Thus, the correct answer is option A.

What is debt?

Debt is an obligation that requires one party, the debtor, to pay another party, the creditor, money or other agreed-upon value. Debt is a delayed payment, or series of payments, as opposed to an immediate purchase.

Debt settlement firms, also known as "debt relief" or "debt adjusting" firms, frequently claim they can negotiate with our creditors to reduce the amount we owe. For-profit companies offer debt settlement programmes, which involve the company negotiating with your creditors to allow you to pay a "settlement" to resolve your debt. The settlement is another term for a lump sum payment that is less than the total amount owed.

Therefore, the details of the debt settlement program are fixed and cannot be changed.

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year, Pietro expects to produce 48,700 units and sell 48,000 units at a price of $18.00 each. Beginning inventory of finished goods is $39,500, and ending inventory of finished goods is expected to be $31,000. Total selling expense is projected at $28,500, and total administrative expense is projected at $123,000. Required: 1. Prepare an income statement in good form. Rou

Answers

Answer:

See below

Explanation:

The above is an incomplete question. However, from a similar question, we will prepare the statement as requested.

Income statement

Sales [48,000 × $18]. $864,000

Cost of goods sold. $436,100

Gross sales $428,000

Less operating expenses

Selling expenses $28,500

Administrative expenses $123,000

Operating income $282,700

Calculation of cost of goods sold

Direct materials

Opening stock $6,000

Purchases $117,500

Less ending ($5,900). $117,600

,

Your hypothesis is that "Quarterly maintenance of plant machinery will reduce the number of product defects except when worker rotations are affected by vacations or machines are retooled for new model introductions." In this hypothesis: What type of variable is quarterly maintenance of plant machinery?

Answers

Answer:

Independent

Explanation:

WILL MARK BRAINLIEST HELP!

Which option is typically only used when utilizing self joins?
display name
alias
relationship
primary key

Answers

Answer: Relationship

Explanation: Got it right on edge

To be able to explain and defend their ideas objectively to others, individuals usually need to have effective __________ skills

Answers

Individuals usually need to have effective communication skills

50 red and 50 black balls in a box when you randomly pick two balls without replacement

Answers

2/100
=1/50
.........

Discuss the advantages and disadvantages of the merger between the two telecommunication firms.

Answers

Advantages of mergers

Economies of scale – bigger firms more efficient
More profit enables more research and development.
Struggling firms can benefit from new management.
Disadvantages of mergers

Increased market share can lead to monopoly power and higher prices for consumers
A larger firm may experience diseconomies of scale – e.g. harder to communicate and coordinate.

Profit margin measures the relation of debt to assets.

True or false?

Answers

Answer:

it is false

Profit margin measures the relation of debt to assets. FALSE

Profit margin measures the relation of debt to assets, the given statement is false.

What is profit margin?

The profit margin ratio, also known as the return on sales ratio or gross profit ratio, is a measure of profitability that evaluates the relationship between a company's net income and net sales to determine how much net income is made for every dollar of sales produced.

This ratio is used by creditors and investors to assess how well a company can turn revenues into net profits. A business with a very low profit margin would imply that spending are out of control and that management should budget and make cost reductions.

The profit margin ratio can be determined by dividing net income by net sales.

Hence, False is an appropriate response.

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Arrange the steps in shipping and receiving merchandize in the correct order.
1.shipment of goods
2.receiving goods
3.order fulfillment
4.inventory control

Answers

Answer:

3,1,4,2

Explanation:

order fulfilment

shipment of goods

inventory control

receiving goods

A. Macarty Company's records indicate the following information for the year: Merchandise inventory, 1/1 $ 550,000 Purchases 2,250,000 Net sales 3,100,000 On December 31, a physical inventory determined that ending inventory of $600,000 was in the warehouse. A. Macarty's gross profit on sales has remained constant at 30%. A. Macarty suspects some of the inventory may have been taken by some new employees. At December 31, what is the estimated cost of missing inventory

Answers

Answer:

add all them and there u go

Explanation: so add 550,000 -2,50,000 + 3,100,000+600,000 -30%     hope that helps

Frank and Marion, husband and wife, file separate returns. Frank and Marion live in a common law state. Frank's salary is $42,000 and Marion's salary is $46,000. Marion receives dividend income of $4,000 from stock inherited from her parents. Frank receives interest income of $1,000 from bonds purchased with his salary after marriage. Frank and Marion receive $3,200 dividend income from stock they purchased jointly. Marion's income would be

Answers

Answer:

$50,100

Explanation:

Calculation for what Marion's income would be

Marion's salary $46,000

Add Dividend income $4,000

Add Joint Dividend income $1,600

(3,200/2)

Marion's income $50,100

($46,000 + $4,000 + $1,600)

Therefore Marion's income would be $50,100

During the months of January and February, Solitare Corporation sold goods to two customers. The sequence of events was as follows:Jan. 6 Sold goods for $50 to Wizard Inc. with terms 2/30, n/60. The goods cost Solitare $60.6 Sold goods to Spyder Corp. for $50 with terms 5/10, n/30. The goods cost Solitare $50.14 Collected cash for the amount due from Wizard Inc.Feb. 28 Collected cash for the amount due from Spyder Corp.Required:Compute the total revenue Solitare would report over the two months. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Answers

Answer:

The total revenue Solitare would report over the two months is $99 with a gross loss of $11.74

Explanation:

Particulars                                                  Amount ($)

Sales (January & February)

- Wizard Inc                                                     $50

- Spyder Corp                                                 $50

Less: Discount allowed to Wizard Inc           $1          ($50 * 2%)

Net Sales                                                         $99

Less: Cost of goods sold (60.6+50.14)          $110.74

Gross Loss                                                       $11.74

The term for distributing merchandise from the manufacturer to retail locations is called

Answers

Exclusive Distribution. strategy by which a manufacturer grants exclusive rights to distribute or sell a product to a limited number of wholesalers or retailers in a given geographic area

The term for distributing merchandise from the manufacturer to retail locations is called an allocation.

What is an allocation?

Allocation is the distribution of the product to the other location.

Since when the merchandise is distributed from the manufacturer to retail locations so this we called as an allocation.

hence, The term for distributing merchandise from the manufacturer to retail locations is called an allocation.

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On August 24, Edward Charles offered to sell his 1967 Chevy Corvette Convertible for $150,000 to Mark Anderson. Anderson offered to pay $125,000. On August 24, Charles rejected Anderson’s offer of $125,000. On August 28, Anderson offered $150,000 for the car. Charles refused to sell and Anderson sued for specific performance of the contract. Will the court require Charles to sell the car? Use legal theories and the facts to support your answer.

Answers

Answer:

No, Charles will not be required to sell. The original deal involved $150,000, but the Anderson made a counteroffer which eliminates the original deal. Since Charles rejected the counteroffer, there is no legal obligation between both parties. If the car is going to be sold, new terms must be agreed by both parties.

If production is increased to 700 boxes per day after the change in work rules, what is the new productivity?

Answers

Answer:

The new productivity is "29.17 boxes per hour". A further solution is provided below.

Explanation:

The given number of boxes,

= 700 boxes

After the change in the work rule,

The productivity will be:

= [tex]\frac{700 \ boxes}{3\times 8 \ hours}[/tex]

= [tex]\frac{700 \ boxes}{24 \ hours}[/tex]

= [tex]29.17 \ boxes \ per \ hr[/tex]

You are the manager of an off-site airport auto rental office. An employee has informed you that the shuttle bus driver, who is a reformed alcoholic, was recently arrested on a driving under the influence charge. He is your most reliable employee; however, you are concerned with the safety of your employees and customers.

Questions:
1. What is the ethical dilemma?


2. Name all the primary and secondary stakeholders
Primary:


Secondary:





3. What would an individual that believed the following ethical foundations recommend that you should do (not a definition)? In other words, put yourself in the place of that philosophy to determine your recommendations.

Cultural relativism:



Subjectivism:


Religion:




4. Which response, if any comes closest to your thinking? Explain why or why not?




5. Response Question
Should a company’s concern for the safety of its employees and customers override the medical needs of a single employee? Explain why or why not?

Answers

The ethical dilemma is whether u wanna look at the safety at staff or customers or wanna remove the driver from the job bc he could get drunk

Customers and staff- primary stakeholders

staff union and future shareholders of the company bc the image of the bus company will get harmed- secondary stakeholders

i only know the answer to the first 2 hope this helps x!!

Workers over forty tend to be motivated by intrinsic motivators.


True

False

Answers

Answer: true

Explanation:

i sorta just guessed

The first step in the human resources planning process is to __________

Answers

The first step in the human resources planning process is to forecast future human resource needs.

What happens when interesting stimulants are removed from the environment?

Answers

Answer:

it changes the enviorment drasticly

Explanation:

The United States financial system is attractive to international investors because _____.
(Select all that apply.)
1. the Federal Reserve oversees the system

2. the FDIC insurance bank deposits

3. risk is not high

4. it is a stable system

Answers

Answer:

1. the Federal Reserve oversees the system

2. the FDIC insurance bank deposits

4. it is a stable system

Explanation:

The United States financial system is attractive to international investors because the Federal Reserve oversees the system, the FDIC insurance bank deposits and it is a stable system.

Parents put $ 1000 into a savings account at the birth of their daughter. When their daughter is 18 years old, the money in the account is $2936.77. What is the interest rate compounded monthly?​

Answers

Answer:

408.611%

Explanation:

$4008.00 ㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋㅋ

Ravonette Corporation issued 550 shares of $5 par value common stock and 300 shares of $15 par value preferred stock for a lump sum of $18,000. The common stock has a market price of $25 per share, and the preferred stock has a market price of $70 per share. Determine the amount the issuance that should go to each stock (common and preferred).

Answers

Answer:

Common stock issue price = 550 shares  $5 par value

Common stock issue price = $2.750

Preferred stock issue price = $18,000

Par value of preferred stock = 300 shares * $15

Par value of preferred stock = $4,500

Paid in excess of par value of preferred stock = $18,000 - $4500

Paid in excess of par value of preferred stock = $13,500

ABC Company uses a Materials Inventory account to record both direct and indirect materials. ABC charges direct materials to WIP, while indirect materials are charged to the Factory Overhead account. During the month of April, the company has the following cost information: Total materials (direct and indirect) purchased $ 92,700 Indirect materials issued to production 37,400 Total materials issued to production 109,000 Beginning materials inventory 53,700 The debit to the Factory Overhead account is:

Answers

Answer:

$37,400

Explanation:

Overhead incurred are accounted for in the Overhead Account. The debit side of this account is increased with any overhead incurred. From the question, the indirect materials are the only overheads incurred.

The entry to record this is as follows :

Debit : Overhead $37,400

Credit : Materials $37,400

Being Material Overheads incurred

A value-added activity in a service enterprise is reception. billing. performing landscaping services. ordering supplies. eTextbook and Media

Answers

Answer:

performing landscaping services.

Explanation:

Financial statement analysis: Multiple Choice is primarily used to identify account values that meet the normal standards. is limited to internal use by a firm's managers. provides useful information that can serve as a basis for forecasting future performance. provides useful information to shareholders but not to debt holders. is enhanced by comparing results to those of a firm's peers but not by comparing results to prior periods.

Answers

Answer:

The correct answer is the third option: Provides useful information that can serve as a basis for forecasting future performance.

Explanation:

To begin with, the name of "Financial Statement Analysis" refers to a process done by the managers of a company in the field of businesses that focus primarily in the observation of the financial accounts that the organizations has in order to be able to determine better decision so that they could earn better profits in the future avoiding mistakes previously done. Therefore that this type of analysis has the purpose of providing useful information for the managers so that they can establish better ways of acting and performing in the field.

Your firm has been working on an advanced technology. This technology will be available in the near term. The firm anticipates the first annual cash flow from the technology to be $158,335, received three years from today. Subsequent annual cash flows will grow at 2.24% in perpetuity. What is the present value of the technology if the discount rate is 10.02%

Answers

Answer:

$908,551

Explanation:

Present value of the technology = First annual cash flow/(Discount rate-Growth rate))/Growth

Present value of the technology = ($158,335/(10.02%-2.24%))/2.24= $2,500,000

Present value of the technology = ($158,335/7.78%)/2.24

Present value of the technology = $2035154.241645244 / 2.24

Present value of the technology = $908551.000734483

Present value of the technology = $908,551

Which type of tutoring does the school normally offer
In seat tutoring
Online tutoring
Supplemental Instruction
All of the above​

Answers

All of the above. Firstly, some students may not have the right learning environment to be able to learn in the area they live in so, school help provide a better environment to learn. Secondly, online tutoring as someone may be severely ill or just cannot attend for whatever the reason and with government standards children should have an education. Lastly, supplemental instruction as some student have more of a difficult subject that they tend to struggle with nd so school provides interactions for student to engage and get different ideas and views on certain topics.

Hope this helps and you get you marks ☺️

The type of tutoring does the school normally offer are :

Online tutoring

•Supplemental Instruction

Tutoring is the way of teaching and impacting more knowledge into students which will inturn  enable  them to  improve more  in their studies.

Online tutoring is the way of teaching or assisting students online in order to help them improve in their studies or subject which they are finding difficult to understand.

Supplemental Instruction is a way of teaching and interacting with students who are facing difficulty in some subjects or courses such as traditionally subjects.

Inconclusion The type of tutoring does the school normally offer are :

Online tutoring

•Supplemental Instruction

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On February 1, Hansen Company purchased $120,000 of 5%, 20-year Knight Company bonds at their face amount plus one month's accrued interest. The bonds pay interest on January 1 and July 1. On October 1, Hansen Company sold $40,000 of the Knight Company bonds acquired on February 1, plus three months' accrued interest. On December 31, three months' interest was accrued for the remaining bonds. Determine the interest earned by Hansen Company on Knight Company bonds for the year.

Answers

Answer:

$5,000

Explanation:

interest earned on the first coupon = ($120,000 x 5% x 6/12) - ($120,000 x 5% x 1/12) = $2,500

interests earned until October (for the $40,000) = $40,000 x 5% x 3/12 = $500

interests earned until December (for $80,000) = $80,000 x 5% x 6/12 = $2,000

total interest earned during the year = $2,500 + $500 + $2,000 = $5,000

Problem 4-53 (Algo) Special Order (LO 4-1, 2) Unter Components manufactures low-cost navigation systems for installation in ride-sharing cars. It sells these systems to various car services that can customize them for their locale and business model. It manufactures two systems, the Star100 and the Star150, which differ in terms of capabilities. The following information is available. Costs per Unit Star100 Star150 Direct materials $ 55 $ 65 Direct labor 24 30 Variable overhead 10 15 Fixed overhead 80 110 Total cost per unit $ 169 $ 220 Price $ 280 $ 380 Units sold 4,000 2,000 The average wage rate is $15 per hour. Variable overhead varies with the quantity of direct labor-hours. The plant has a capacity of 20,000 direct labor-hours, but current production uses only 10,400 direct labor-hours. Required: a. A nationwide car-sharing service has offered to buy 2,400 Star100 systems and 2,400 Star150 systems if the price is lowered to $190 and $240, respectively, per unit. a-1. If Unter accepts the offer, how many direct labor-hours will be required to produce the additional systems

Answers

Answer:

Unter Components

If Unter accepts the offer, the direct labor-hours required to produce the additional systems are:

= 8,640 hours.

Explanation:

a) Data and Calculations:

Product Lines                 Star100    Star150

Direct materials                $ 55       $ 65

Direct labor                          24           30

Variable overhead               10            15

Fixed overhead                   80          110

Total cost per unit          $ 169    $ 220

Price                               $ 280    $ 380

Units sold                       4,000    2,000

Average wage rate is $15 per hour

Product Lines                 Star100          Star150

Hours to make one unit    1.6 hours      2 hours ($24/15 and $30/$15)

Special offer by a nationwide car-sharing service:

Systems to buy             2,400     2,400

Offered price                  $190     $240

Hours to make systems 3,840   4,800  

(2,400 *1.6 hours and 2,400 *2 hours)

Total hours required to make both systems = 8,640 hours (3,840 + 4,800)

Jackson Inc. listed the following data for 2019: Budgeted factory overhead $1,290,000 Budgeted direct labor hours 75,000 Budgeted machine hours 43,000 Actual factory overhead 1,130,100 Actual direct labor hours 88,000 Actual machine hours 41,100 Assuming Jackson Inc. applied overhead based on machine hours, the firm's predetermined overhead rate for 2019 (round calculations to 2 significant digits) is:

Answers

Answer:

$30 per machine hour

Explanation:

The firm's predetermined overhead rate for 2019 is computed as;

= Budgeted factory overhead / Budgeted machine hours

Given that;

Budgeted factory overhead = $1,290,000

Budgeted machine hours = 43,000 hours

Predetermined over head rate = $1,290,000 / 43,000 = $30 per machine hour

Other Questions
archaeologists have found ancient Harappan pictograms that include images of whatA. peopleB. animalsC. machines Complete the sentence:The patriots wanted to give the citizens more/less say in the government. Which evidence is most relevant to Nixon's claim that his spending plans are superior to Kennedy's?"Now, when we look at these programs, might I suggest that in evaluating them we often have a tendency to say that the test of a program is how much you're spending."". . . the Democratic platform . . . runs a minimum of thirteen and two-tenths billions dollars a year more than we are presently spending to a maximum of eighteen billion dollars a year more than we're presently spending.""There is no question but that we cannot discuss our internal affairs in the United States without recognizing that they have a tremendous bearing on our international position.""There is no question but that this nation cannot stand still; because we are in a deadly competition, a competition not only with the men in the Kremlin, but the men in Peking." 13) We understand that the intended audience for this speech was men and women of the Union during theCivil war because(A) The cemetery was a battlefield in Gettysburg, Pennsylvania.(B) Lincoln as the Union's leader wrote this speech with them in mind.(C) Both men and women were in attendance for the dedication ceremony.(D) The tone of this speech was appropriate for Union members who were weary of war.(E) All of the above Sam made fruit punch for a party. He mixed 3 gallons of orange juice, 2 quarts of pineapple juice, 4 pints of cranberry juice, and 6 cups of apple juice. How many quarts did he make in all? plssssss someone help pls pls pls i dont get this lookSuppose you know that S and Y are complementary, and that mS = 4(mY) 160. Find mY Simplify the following expression. 5 + 18 Divide 3^2A. 8B. 7C. 18 D. 23 greatest integer of x < -3 A sub shop sold sandwiches that were one-half of a foot long. If you were to cut the sandwich into 9 equal pieces, what fraction of a foot would each piece be? You are selling concessions at a local swim meet. Hot dogs are being sold for$1.00 and soda is being sold for $0.50. At the end of the day you made $150.Let x represent the number of hotdogs sold and y represent the number of sodas sold. Write an equation that can be used to find the number of hotdogsand sodas sold at the swim meet. Help me ASAPWhy is the sixteenth amendment important to the United States?Why is the seventeenth amendment important to the United States European countries colonized Africa during the 19th and early 20th century in order to access Africa's natural resources. What was the effect on the people of Africa Two species of fish are introduced to the same lake. Over time, only one species survives. According to Darwin's theory of evolution, what should characterize the surviving species PLEASE HELP ME ANSWER The probability that Scott will be late for work is 0.15. In a year Scott works for 240 days. Work out the expected number of days that he will be late...... How does physical activity impact work productivity?(Select all that apply.) Exercise boosts employees ability to focus and pay attention.Exercise makes employees more aggressive, so they can close more tough deals.Exercise helps memory stay sharp in older employees. Exercise increases energy levels, which may help people get more work done. whats the line in fully simplified slope form pls help me. When can a species develop genetic diversity? 2. Imagine that people from a traditional economic society meet people from a differentsociety. Based on the text, what might happen?a. They may learn better ways to farm or huntb. They may avoid the new people.They may stay exactly the same.d. They may plant crops. what is the square root of 121 How many moles is 17.6 g NaOH?