Solution-Initial gift needs to be in order for the

Initial gift needs to be in order for the reciepient

Reference no: EM131102951

Suppose someone wants to give you $10,000 and assume there is no way to avoid gift tax of 6%. They decide to give you money, in addition to gift amount, to cover the tax. there's the problem. Since the second amount is also a gift, there is also a give tax. They have to give you enough to cover the initial amount, gift tax, and the tax on the gift of the gift tax. How far would you have to go to receive $10,000. How would you determine how much the initial gift needs to be in order for the reciepient to recieve $10,000

Reference no: EM131102951

Questions Cloud

Total annual interest earned : An actor invests some money at 7%, and $41000 more than twice the amount at 12%. The total annual interest earned from the investment is $38400.

Crane to unload this ship : Two cranes can unload a ship together in 6 hours. The faster crane takes 5 hours less than the slower crane, if each were to unload the same ship alone. How long does it take for each crane to unload this ship?

Create a base shape class : Create a base Shape class and its successor a Rectangle elassids The base class is called Shape class. The Shape class has few methods and attributes.

Determining scope of the literature review is daunting task : The literature review must communicate the foundations of knowledge that underlie the research without becoming redundant (Abramson, 2015). Abramson (2015) suggest that the researcher will know how to conclude his search, when the readings no long..

Initial gift needs to be in order for the reciepient : How far would you have to go to receive $10,000. How would you determine how much the initial gift needs to be in order for the reciepient to recieve $10,000

Why is a margin of error necessary : Why is a margin of error necessary? That is, why do the polls not simply report that 49% approve of the job President Obama is doing? What causes the uncertainty that makes such a margin of error necessary

Determine the bandwidth of the modulator output : Determine the bandwidth of the modulator output if a power ratio, Pr, of 0.8 is needed. Repeat for a power ratio of 0.9.

How does use of the cloud affect the local environment : How does use of the cloud affect the local environment? What are some of the issues identified by the Pluralsight module?

A team in charge of developing an organization : Suppose you were invited to join a team in charge of developing an organization's Business Plan. Explain the strengths that you personally would bring to the team. Provide a rationale for your

User Account

All Pages

Initial gift needs to be in order for the reciepient

Reference no: EM131102951

Reference no: EM131102951

Questions Cloud

Reviews

Write a Review

Mathematics Questions & Answers

Compute the adjugate of the given matrix

What is the z-score for a value

Determined total the area of the triangles

How long does it take to reach ground level

What will be the book value of the building in 2010

Find the values of the trigonometric functions of theta if

State how much time will pass before the train

Find what is the chance of drawing a yellow marble

Questions on one critical thinking exercise

Compute an equation for the plane tangent to the surface

A grab bag contains -probability

What is the present value of the cash flows

Assured A++ Grade

Academics

Major Subjects

Majors

Get In Touch

TERMS & POLICIES

HELP & SUPPORT