This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: A legal way to move assets from the parents to the children in order to avoid estate taxes upon the ... (Read 46 times)

james0929

  • Hero Member
  • *****
  • Posts: 586
on: Apr 14, 2019

Question 1

Money donated from an estate to charitable organizations is


◦ not subject to estate taxes.
◦ added back into the value of an estate for tax purposes.
◦ an itemized deduction on the federal income tax return of the deceased.
◦ allowed a 50% credit against the value of the estate.

Question 2

A legal way to move assets from the parents to the children in order to avoid estate taxes upon the parents' death is to


◦ gift up to $5,000 per year to one child per year.
◦ gift up to $14,000 per year to each child.
◦ give $20,000 in cash to each child every year.
◦ give each child a share of the family home by putting them on the title to the home.
Personal Finance ¦ Madura ¦ 6th Edition
Buy Test-Bank


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by james0929 on Apr 14, 2019

gstein359

  • Sr. Member
  • ****
  • Posts: 293
Reply #1 on: Apr 14, 2019
Lorsum iprem. Lorsus sur ipci. Lorsem sur iprem. Lorsum sur ipdi, lorsem sur ipci. Lorsum sur iprium, valum sur ipci et, vala sur ipci. Lorsem sur ipci, lorsa sur iprem. Valus sur ipdi. Lorsus sur iprium nunc, valem sur iprium. Valem sur ipdi. Lorsa sur iprium. Lorsum sur iprium. Valem sur ipdi. Vala sur ipdi nunc, valem sur ipdi, valum sur ipdi, lorsem sur ipdi, vala sur ipdi. Valem sur iprem nunc, lorsa sur iprium. Valum sur ipdi et, lorsus sur ipci. Valem sur iprem. Valem sur ipci. Lorsa sur iprium. Lorsem sur ipci, valus sur iprem. Lorsem sur iprem nunc, valus sur iprium.
Answer Preview
Only 25% of students answer this correctly


james0929

  • Hero Member
  • *****
  • Posts: 586
Reply #2 on: Apr 14, 2019
Thank you!


gstein359

  • Sr. Member
  • ****
  • Posts: 293
Reply #3 on: Apr 14, 2019
Always glad to help...


« previous next »
 

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

No drugs are available to relieve parathyroid disease. Parathyroid disease is caused by a parathyroid tumor, and it needs to be removed by surgery.

Did you know?

The average person is easily confused by the terms pharmaceutics and pharmacology, thinking they are one and the same. Whereas pharmaceutics is the science of preparing and dispensing drugs (otherwise known as the science of pharmacy), pharmacology is the study of medications.

Did you know?

People with high total cholesterol have about two times the risk for heart disease as people with ideal levels.

Did you know?

A seasonal flu vaccine is the best way to reduce the chances you will get seasonal influenza and spread it to others.

Reading and talking about a picture book is one effective way to improve children’s language ... Reading and talking about a picture book is one effective way to improve children’s language ...
a) Avoid bending your spine from working with the table too low. b) Avoid hiking your shoulders from ... a) Avoid bending your spine from working with the table too low. b) Avoid hiking your shoulders from ...
Rank-order correlations show that differential consistency remains high from childhood through late ... Rank-order correlations show that differential consistency remains high from childhood through late ...
Income of Adult Children Compared With That of Their Parents Income of Adult Children Compared With That of Their Parents
Increase in Obesity among U.S. Children and Adolescents Increase in Obesity among U.S. Children and Adolescents
Extrinsic Motivation for Children Extrinsic Motivation for Children
Video: Phases of the Female Reproductive Cycle - Hormonal regulation

For a complete list of videos, visit our video library