Business
Business, 14.06.2021 16:20, beav0919cnnowyfe2

A father deeded a house as a gift to his daughter in 1986 but retained the right to live in it until his death. He died this year while still living in the house. The following are relevant facts: The father bought the property in 1982 for $60,000. The fair market value of the property when the gift was made in 1995 was $140,000. The father filed a timely gift tax return but paid no gift tax because of the basic credit amount. The fair market value of the property at the father’s death was $190,000. The daughter sold the property 3 months after her father’s death for $190,000. She had a gain of:. A. $0.
B. $50,000.
C. $130,000.
D. $190,000.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 01:20, nonjabulomabaso7423
For a multistate lottery, the following probability distribution represents the cash prizes of the lottery with their corresponding probabilities. complete parts (a) through (c) below. x (cash prize, $) p(x) grand prizegrand prize 0.000000008860.00000000886 200,000 0.000000390.00000039 10,000 0.0000016950.000001695 100 0.0001582930.000158293 7 0.0039114060.003911406 4 0.0080465690.008046569 3 0.012865710.01286571 0 0.975015928140.97501592814 (a) if the grand prize is $13 comma 000 comma 00013,000,000, find and interpret the expected cash prize. if a ticket costs $1, what is your expected profit from one ticket? the expected cash prize is $nothing.
Answers: 3
image
Business, 22.06.2019 11:40, sriggins1375
Manipulation manufacturing's (amm) standards anticipate that there will be 5 pounds of raw material used for every unit of finished goods produced. amm began the month of maymay with 8,000 pounds of raw material, purchased 25,500 pounds for $ 15,300 and ended the month with 7,400 pounds on hand. the company produced 4,9004,900 units of finished goods. the company estimates standard costs at $ 1.10 per pound. the materials price and efficiency variances for the month of maymay were:
Answers: 1
image
Business, 22.06.2019 21:10, ray1840
Ahospital purchases a $500,000 magnetic resonance imaging (mri) machine that has a useful life of 9 years. the salvage value at the end of 9 years is $77,000. (a) write a linear equation that describes the value y (in dollars) of the mri machine in terms of the time t (in years), 0 ≤ t ≤ 9. (b) find the value, in dollars, of the machine after 6 years. $ (c) find the time, in years, when the value of the equipment will be $140,000. (round your answer to two decimal places.) yr
Answers: 2
image
Business, 22.06.2019 21:20, dorianhenderson987
Label each of the following statements true, false, or uncertain. explain your choice carefully. a. workers benefit equally from the process of creative destruction. b. in the past two decades, the real wages of low-skill u. s. workers have declined relative to the real wages of high-skill workers. c. technological progress leads to a decrease in employment if, and only if, the increase in output is smaller than the increase in productivity. d. the apparent decrease in the natural rate of unemployment in the united states in the second-half of the 1990s can be explained by the fact that productivity growth was unexpectedly high during that period.
Answers: 3
Do you know the correct answer?
A father deeded a house as a gift to his daughter in 1986 but retained the right to live in it until...

Questions in other subjects:

Konu
Mathematics, 14.02.2020 06:43
Konu
Mathematics, 14.02.2020 06:45
Konu
Mathematics, 14.02.2020 06:45
Konu
Mathematics, 14.02.2020 06:45