User Account

All Pages

Total 2008 gift of life insurance policy is 72000 annual

Assignment Help Taxation
Reference no: EM13370386

Total 2008 gift of life insurance policy is 72,000. Annual exclusions are 24,000 (2 domes at 12,00). Present taxable gifts equal 48,000. Prior taxable gifts are 1,500,000. Cumulative gifts equal 1,548,000. How do I evaluate the tax on the total cumulative gifts of 1,548,000? The answer is given to us which is 577,400 but we require to show how we got to that answer. Please help.

Reference no: EM13370386

Questions Cloud

On 31st december 2011 rollo company held the subsequent : on 31st december 2011 rollo company held the subsequent short-term investments in its portfolio of available-for-sale
Shown below are a few events and transactions of kash : shown below are a few events and transactions of kash company.2011 jan. 2 purchased 80000 shares of bushtex co. general
From original question journal entriesnote none are simply : from original question journal entriesnote none are simply trading securities all have a specific name that coordinates
Marble had 2816 million in sales and 555 million in ending : marble had 2816 million in sales and 555 million in ending accounts receivable for present period. for the same period
Total 2008 gift of life insurance policy is 72000 annual : total 2008 gift of life insurance policy is 72000. annual exclusions are 24000 2 domes at 1200. present taxable gifts
Evaluate unit contribution margin and contribution margin : evaluate unit contribution margin and contribution margin ratiouse the subsequent data for problems 12349 amp10 luxury
At end of 2011 tatum co has accounts receivable of 700000 : at end of 2011 tatum co. has accounts receivable of 700000 and an allowance for doubtful accounts of 28000. on 24th
Evaluate breakeven and target profit volumeowner lei wong : evaluate breakeven and target profit volumeowner lei wong is consider franchising her global chopsticks restaurant
Cost - volume - profit analysisarrange contribution margin : cost - volume - profit analysisarrange contribution margin income statements.western travel uses contribution margin

Reviews

Write a Review

Taxation Questions & Answers

  Taxable income

Determine taxable income before considering expense.

  Prepare a tax research memo

Prepare a tax research memo to the file that addresses the issues you feel are most relevant to Mimi's various issures.

  Income by ordinary concepts

Explain what is meant by income by ordinary concepts

  Identify the tax issues

Identify the tax issues that are raised and the relevant sections of the legislation. Identify any cases and other sources of law or information that apply.

  Calculate carolines taxable income

Calculate Carolines taxable income

  Taxation – law and practice

Show the tax issues that are raised and the relevant sections of the legislation.

  Payment to the taxpayer

Brief statement in your own words of the facts of the cases.

  Prepare regular corporation tax return

Prepare the C Regular Corporation Tax Return for the Lawson And Norman Enterprise

  Taxation law

Advise the participants in the ‘barter' system of the income tax implications, if any, of participating in the system.

  A tax on cigarettes is a good way of raising tax revenue

Discuss- A tax on cigarettes is a good way of raising tax revenue for the government

  Prepare the required journal entry

Prepare the required journal entry to record the tax expense

  Calculate barbs taxable income

Calculate Barb's taxable income? What nonrefundable credit is Barb eligible for based on the information you have?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd