Lucy's lemonade stand has increasing profits each week during the hot summer months. lucy finds that each week during the summer her profits increase by 10% over what they were the previous week. in her first week of business, her profits were $50. how much money will she make in all over 4 weeks? enter your answer, rounded to the nearest cent, in the box.

Which of the following is true concerning the 5/5 lapse rule? a) the 5/5 lapse rule deems that a taxable gift has been made where a power to withdraw in excess of $5,000 or five percent of the trust assets is lapsed by the powerholder. b) the 5/5 lapse rule only comes into play with a single beneficiary trust. c) amounts that lapse under the 5/5 lapse rule qualify for the annual exclusion. d) gifts over the 5/5 lapse rule do not have to be disclosed on a gift tax return.