Income transferred to a child is not taxable"". Discuss both for and against this statement.
Answers
The income transferred to the child is a gift, and it can still be taxable as a gift tax to the donor or gift-giver. There is no such tax-free gift rule. If you give cash to your child, that gift can be taxable, depending on the size of the gift. Some income that parents transfer to their children is not taxable.For instance, if you transfer money to your child through your estate plan, that transfer may not be taxable if it meets certain conditions.
Income transferred to a child is not taxable is not true. Even if you give your child a sum of money, that money can still be considered taxable to you as the donor or gift-giver.
However, there are ways to gift money or assets to your child without triggering a gift tax.
The reasons against this statement are as follows:
The income transferred to the child is a gift, and it can still be taxable as a gift tax to the donor or gift-giver. There is no such tax-free gift rule. If you give cash to your child, that gift can be taxable, depending on the size of the gift.
However, there are several ways to reduce your gift tax liability by gifting money to your child. For instance, you can set up a trust account to transfer assets to your child without paying taxes on the assets.
Additionally, you can contribute to your child's 529 savings plan, which can also help reduce your gift tax liability.
The reasons for this statement are as follows:Some income that parents transfer to their children is not taxable.
For instance, if you transfer money to your child through your estate plan, that transfer may not be taxable if it meets certain conditions.
If you transfer money to your child's 529 savings plan, that transfer may not be taxable. There are many tax advantages for parents who transfer money to their children.
For example, you can transfer assets to your child through a trust account, which can help reduce your estate taxes.
Additionally, you can transfer assets to your child through a family limited partnership, which can also help reduce your estate taxes.
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Related Questions
15 $ x 140 hours a month
Answers
140 x 15 = 2100
Then work it into the problem
15 × 140 × 12
= $ 25200
IT IS 15 TIMES THE HOURS TIMES THE MONTHS SINCE THERE ARE TWELVE MONTHS
Question 7 of 25
Social Security withholding is an example which tax
Answers
Answer: regressive tax
Explanation:
Please answer both questions
Answers
Answer:
Question 3: Product based
Question 4: Service based
Explanation:
Hope this helps!!
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__ is a process established by the board of directors providing reasonable assurance for operations to be efficient and effective. Group of answer choices Service transition Proactive analysis Internal control Knowledge management
Answers
Answer:
Internal Control is a process established by the board of directors providing reasonable assurance for operations to be efficient and effective. Group of answer choices Service transition Proactive analysis Internal control Knowledge management
Johnny was an executive with poor individual ethical standards. He was deciding whether or not to make a specific decision that he knew would be unethical. He knew that what he was thinking of doing was wrong; he knew it would cause harm to other people, including many employees in his own division; and he knew that many others would also be negatively impacted in the short-term. As a result of these factors, his decision was to not make the unethical decision. Which of the choices below best describes these factors that caused Johnny to act ethically?
Question 1 options:
"Principled" individual moral development
Structural variables
High issue intensity
High level of moral development
Answers
Johnny's decision to act ethically can be best described by the term "high level of moral development." Johnny recognized that the specific decision he was considering was unethical and would cause harm to others, including employees in his own division.
He understood the negative impact it would have in the short term. Despite these factors, Johnny chose not to make the unethical decision.
Johnny's decision indicates a high level of moral development because he was able to evaluate the ethical implications of his actions and prioritize the well-being of others over his own self-interest.
He considered the potential harm that his decision could cause and made a conscious choice to act in a morally responsible manner.
This demonstrates that Johnny has developed a strong sense of ethics and is guided by principles and values that prioritize the welfare and rights of others.
His decision is not based on external factors or structural variables, but rather on his own internal moral compass.
It is important to note that ethical decision-making is influenced by various factors, such as individual moral development, structural variables, and issue intensity.
However, in this specific scenario, Johnny's decision can be attributed to his high level of moral development.
In summary, Johnny's decision to act ethically despite the potential short-term negative consequences reflects a high level of moral development.
He prioritized the well-being of others and recognized the ethical implications of his actions.
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Identify the change in the parent function that will produce the related function shown as a dash line. f(x)= √ x
Answers
Answer:
\(g(x) = 2 + \sqrt x\)
Translate the parent function, 2 units upward
Step-by-step explanation:
Given
\(f(x) = \sqrt x\)
See attachment for the graph
Required
Determine the change in f(x) that gives the dashed line
Let the dash line be represented with g(x)
From the attachment, there is only one transformation from f(x) to the g(x).
When f(x) is translated 2 units vertically upwards , it gives g(x); the dash line.
If
\(f(x) = \sqrt x\)
Then g(x) is:
\(g(x) = 2 + f(x)\)
\(g(x) = 2 + \sqrt x\)
Based upon a Keynesian viewpoint, to stimulate the economy the government should do all of the following except:___________
a) buy more output.
b) employ more people.
c) make more money available.
d) raise taxes.
Answers
in a Keynesian viewpoint, the government must buy more output, employ more people and make more money available to stimulate the economy
What is the Keynesian theory?The Keynesian theory advocated for an increased government expenditures (spending) and lowering of taxes for stimulation of demand for getting an economy out of the depression.
Hence, in a Keynesian viewpoint, the government must buy more output, employ more people and make more money available to stimulate the economy.
Therefore, the Option A, B and C is correct.
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refer to the information. over the $7-$5 price range, demand is:
Answers
Over the $7-$5 price range, demand is elastic. Based on the information provided, it is unclear what the demand is over the $7-$5 price range.
This is because as the price decreases from $7 to $5, consumers become more sensitive to the change in price, resulting in a proportionally larger increase in the quantity demanded. In this situation, the price elasticity of demand (PED) will be greater than 1, indicating that demand is responsive to price changes.
Further details or data is required to explain the demand in this specific price range. It is important to provide comprehensive information and data to draw accurate conclusions about demand.
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Design app concept about Hotel Management System in app.moqups
Answers
Here's a guide on how to design an app concept about Hotel Management System in app.moqups.
Step-by-step guide:1. Create a new project in app. moqups and choose the device type you want to design for, such as a mobile phone or tablet.
2. Add a background image that represents a hotel or a hotel room.
3. Start by creating a landing page with the name and logo of the app and the main functionalities of the app. This page should also include a search bar to search for hotels.
4. Design a search results page that displays a list of hotels based on the user's search criteria, such as location, price, and ratings. Each hotel listing should include an image, name, description, and rating.
5. Create a hotel details page that displays more information about the hotel, such as the amenities, room types, rates, and availability. This page should also include a booking button that takes the user to a booking page.
6. Design a booking page that allows the user to select the check-in and check-out dates, the number of rooms and guests, and the payment method. This page should also include a summary of the booking details and a confirmation button.
7. Create a profile page that allows the user to manage their bookings, view their booking history, and update their personal information.
8. Design an admin dashboard that allows the hotel staff to manage the bookings, view the occupancy rates, and update the room availability. This dashboard should also include a messaging system that allows the staff to communicate with the guests.
9. Add additional features such as a review system, loyalty program, and chatbot that provides customer support. Hopefully, this step-by-step guide helps you to design an app concept about Hotel Management System in app.moqups.
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A company can raise money by doing all but which of the following?
A. Conducting an initial public offering
O B. Taking a loan
C. Providing stock options to executives
D. Issuing bonds
Answers
Answer:
B
Explanation:
Which best describes the role of financial planning?
Many intermediate goals may require funding.
Books typically are free with the purchase of a college course.
Most licensing exams are covered by government funding.
Allow someone to have fewer economic obstacles.
Answers
The role of financial planning can be described by allowing someone to have lesser obstacles in an economy of a country.
Option D is the correct answer.
What is a financial plan?A financial plan is a statement defining the company's recent finances, the objectives and the strategies to attain those objectives.
Financial planning helps in the creation of budgets for future uses, formulate the ways for minimizing or saving the charges to be incurred in the future and execute the ways of accumulating and increasing the wealth of an organization.
Therefore, the explanation provided in part D would best describe the role of financial planning.
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Which of these actions would HR seek to encourage in attempting to create a lowest-cost competitive strategy?
A) an employee's long-term focus
B) unpredictable employee behavior
C) high concern for the quantity of output
D) high concern for the quality of output
Answers
c) high concern for the quantity of output. A high concern for the quality of output should also be encouraged, but in the context of a lowest-cost strategy, quantity is emphasized to drive efficiency and cost-effectiveness.
in attempting to create a lowest-cost competitive strategy, HR (human resources) would seek to encourage the following action:
A lowest-cost competitive strategy typically involves maximizing efficiency and productivity to minimize costs. by encouraging employees to have a high concern for the quantity of output, hr aims to promote a focus on productivity, output volume, and achieving operational efficiency.
this can involve setting performance targets, implementing lean processes, optimizing workflow, and fostering a culture that values productivity and output. by emphasizing quantity, hr aims to ensure that resources are utilized effectively, waste is minimized, and the organization can achieve economies of scale or scope.
however, it's important to note that while quantity is a focus in a lowest-cost strategy, maintaining an acceptable level of quality is also crucial. balancing cost reduction with quality considerations is essential for long-term success and Customer satisfaction.
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Perry Corporation produces and sells a single product. Data for that product are: Sales price per unit $ 275 Variable cost per unit $ 130 Fixed expenses for the month $ 690 comma 000 Currently selling 10 comma 000 units Upper management is considering using a biodegradable packaging which costs $ 7 more per unit but it produces less waste in the long run. Management plans to increase advertising by $ 7 comma 000 in the first month to advertise this new feature to their packaging. They believe that environmentally friendly people will switch to their product resulting in an increase in sales of 4 comma 000 units per month. What should be the overall effect on the company's monthly operating income in the first month if this change is implemented?
Answers
Answer:
new contribution margin per unit = $275 - $137 = $138
total contribution margin = (10,000 + 4,000) x $138 = $1,932,000
total fixed costs = $690,000 + $7,000 = $697,000
operating income = $1,235,000
old operating income = $1,450,000 - $690,000 = $760,000
operating income will increase by $475,000 or 62.5%
what is utility in business and marketing
Answers
Answer:
Utility marketing is the concept whereby a brand intersects the consumer at the moment of a non-commercial need, addresses their need, becomes a part of their life, and remains with them for when they're ultimately ready to make a purchase.
Consider that you work in the human resources management department of a local business and that many of your friends work there. Although you don't personally generate payroll checks, you still have the ability to look up anyone's pay. Would you check on your friends to see if they're earning more money than you? For that matter, would you look up their pay just out of simple curiosity, knowing that you would never do anything with the information or share it with anyone else? Why or why not? People working at the Internal Revenue Service (IRS) were caught just curiously looking up the reported incomes of movie stars and other high-profile public figures. Is this acceptable? Why or why not? (at least 200 words)
Answers
No, it is not ethical to look up the pay of anyone, even friends or acquaintances, out of curiosity. It is important to respect their privacy.
As an HR management employee, you are bound to respect the privacy of employees working in the company. It is not ethical to look up the pay of anyone, even friends or acquaintances, out of curiosity or for any reason. You should not check your friend's pay because that is confidential information, and accessing such data without authorization can put you in legal trouble. If you find any inconsistencies in their pay, it is your duty to report it to your superior authorities. People working at the Internal Revenue Service (IRS) were caught just curiously looking up the reported incomes of movie stars and other high-profile public figures, which is not acceptable.
It is their duty to protect confidential information from unauthorized disclosure or misuse. Unauthorized access to such information can cause the loss of privacy for these public figures and can be a violation of the IRS's policy. It can also lead to disciplinary actions, including termination, imprisonment, or penalties. Therefore, unauthorized access to confidential information can never be acceptable.
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When businesses specialize in producing a specific product, a channel of distribution will be needed to adjust differences in
Answers
When businesses specialize in producing a specific product, the need for a distribution channel arises to accommodate differences in production and consumption locations, timing, and quantities.
Specialization in product production often results in the need for a distribution channel to bridge the gaps between production and consumption. The distribution channel serves as a pathway through which the product moves from the manufacturer to the end consumer.
There are several differences that the distribution channel helps to adjust. Firstly, the channel addresses differences in production and consumption locations. The product may be manufactured in one location but consumed in various regions or even countries. The distribution channel facilitates the movement of the product to these different locations efficiently.
Secondly, the channel adjusts differences in timing. Production may occur in batches or at specific intervals, while consumption may happen continuously or at varying rates. The distribution channel helps in storing and delivering the product at the right time to meet consumer demand.
Lastly, the channel assists in managing differences in quantities. Manufacturers may produce products in large quantities, while consumers may require smaller amounts. The distribution channel helps in breaking down bulk quantities into smaller units and distributing them to retailers or directly to consumers.
In summary, a distribution channel becomes necessary when businesses specialize in producing specific products to adjust differences in production and consumption locations, timing, and quantities. It enables the efficient movement of goods and ensures that the right products reach the right place, at the right time, and in the right quantities.
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Foreign companies with manufacturing plants that are allowed to operate in Mexico with special privileges in exchange for employing Mexican citizens are known as _______. Multiple choice question
Answers
Answer:
It is Maquiladoras
Explanation:
hope this helps.
Answer:
I think it is Maquiladoras ...........
________ is a management approach that involves developing strategies that both support the ecological balance and produce profits for the company.
Answers
Sustainable business or sustainability is a management approach that involves developing strategies that both support the ecological balance and produce profits for the company.
Sustainable business practices aim to integrate environmental, social, and economic considerations into the decision-making processes of an organization. This approach recognizes that businesses operate within a larger ecosystem and have a responsibility to minimize their negative impacts on the environment and society while still achieving financial success.
By implementing sustainable practices, companies can reduce their carbon footprint, conserve natural resources, promote social equity, and enhance their reputation among stakeholders. This management approach focuses on long-term thinking, taking into account the well-being of future generations and the overall health of the planet.
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fid the higest common factor of
21a²b and 49ab²
Answers
Answer:
7ab
Explanation:
21a²b = 7ab * 3b
49ab² = 7ab * 7b
For kodak film inc. , the advent of digital technology can best be described as what type of innovation?.
Answers
For Kodak film inc. , the advent of digital technology can best be described as disruptive innovation.
When a product or service that was previously only available to affluent or highly educated people is transformed into one that is more widely available and accessible, this is referred to as disruptive innovation. By displacing well-established competitors, this transition causes a market disruption.
A prime example of a disruptive invention is Amazon, which debuted as an online bookshop in the middle of the 1990s. Enabling technology, an inventive business model and a consistent value network are necessary for disruptive innovation. The process of developing to enhance goods and services for current clients is known as sustaining innovation.
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The concept of limited liability
Answers
Answer: Function, The function of the concept of limited liability is to provide the owners of businesses a way to protect their personal assets. For example, if a business is sued, the person seeking compensation cannot go after the personal property of the business' owners.
Types The concept of limited liability gives rise to a variety of different types of business organizations.These include corporations and limited liability companies, all of which are created by the laws of each of the 50 states.
Significance The concept of limited liability plays a significant role in commerce. Absent the concept of limited liability, individuals would shy away from investing in businesses of any type. The vast majority of individuals would not want to put their personal property at risk by becoming involved in a business enterprise.
Features The concept of limited liability restricts the amount of money a person risks to what she invests in a business enterprise
Exception Protections normally associated with the concept of limited liability can be set aside in certain situations. For example, if a business owner co-mingles personal and business assets -- in a common bank account, for example -- an individual with a claim against the business likely can seek compensation from some, if not all, of the business owner's personal assets.
Expert Assistance A business owner facing a situation in which another individual or business makes a claim against the business should seek legal assistance. A qualified attorney not only protects the interests of the business but works to ensure that the owner's personal assets do not end up in jeopardy.
Explanation:
The interest rate banks charge their customers is known as the
rate.
A. discount
B. securities
C. prime
D. mortgage
Answers
Answer:
Prime
Explanation:
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Your manager has been asked to speak to a community group about an upcoming development project that will be demolishing an old mall and building a mixed-use space with apartments, retail, and office space—a topic that has created some controversy in the community. She’s asked for your help in putting together her presentation. Do you think that a live or virtual presentation would be most effective? Why? What types of multimedia elements do you think would be most engaging? Why?
Answers
Answer:
use both the photos to help with the anwer it cut the photo so you have to go back and forth for the anwer
The economic issues that a business founder should consider when conducting an external analysis include _________.
Answers
The economic issues that a business founder should consider when conducting an external analysis include substitutes, elasticity of demand, ease of entry or exit, benchmarking, and industry trends.
External analysis means examining the business environment of a company. This includes factors such as its history, competitive structure, competitive position, and dynamics.
There are certain economic issues which are to be considered while conducting an external analysis, which include elements such as interest rates, GDP, inflation rates, unemployment rates, levels of disposable income, and the general growth or decline of the economy.
Hence, these are the economic issues that a business founder should consider when conducting an external analysis.
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Identify a decision you have made recently. In a paragraph of 125 words, explain the process you used to make the decision. Share how you feel about the decision you made: Was it successful? Was it the best possible decision? Describe how using the seven-step decision-making process might have changed the outcome of your decision.
Answers
I recently made a business decision, on whether to start a car wash firm or to sell stationeries. my decision was to try to decide on the problems and solutions associated with each business, and the viability.
Decision making processWhen making a reсent decisiоn, I started by identifying thе рroblem аnd gathеring informаtion. Тhen, I brainstormed possiblе sоlutiоns аnd еvaluatеd eаch onе based on its feаsibility, cost, аnd potеntial outcome. Aftеr weighing thе prоs аnd cоns, I сhose thе sоlutiоn that seemed to be thе most effeсtive аnd aligned with my values. I fеlt cоnfident in my decisiоn аnd implеmеntеd it, taking note оf аny feedbaсk or adjustments that might be necessаry.
Looking baсk, using thе seven-steр decisiоn-making proсess could hаve hеlpеd me make an even morе informеd аnd effeсtive decisiоn. The proсess involvеs defining thе рroblem, sеtting goals, identifying altеrnativеs, evаluаting altеrnativеs, seleсting thе best аlternаtive, imрlementing thе decisiоn, аnd evаluаting thе results. Вy going through eаch steр in morе detail, I might hаve been аble to cоnsider additional fаctors аnd oрtions, leading to an even better outcome. Anyway, I am sаtisfied with thе decisiоn I made аnd believe it was suссessful given thе informаtion аnd resources availаble to me at thе time.
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What do think about women getting less salary than men?
Answers
Answer:
You know in my opinion if this world was really considered fair than humans beings wouldn't be paid different just because of their gender, i'd say girls can pretty much do anything guys can do hands down. But in reality girls just never get their shot to prove instead we get paid less, treated differently, and judged.
How do I view my work schedule Six Flags?
Answers
Answer:
you should have an username and password and just log in with six flag . try going to https://six.flag.team
Explanation:
I hope that help you
A decline in the value of the U.S. dollar will likely result in an increase in the —answer choices- price of products- use of credit card- amount of gold reserves- use of bartering
Answers
A drop in the american dollar will probably lead to a rise in goods
prices.
Which nation has the highest dollar?Iraqi Dinar (KWD) The Kuwaiti pounds has continued to be the most valued currency ever because of Kuwait's steady economy. Because it possesses one of the greatest reserves in the world, the economy of the nation is heavily dependent on oil exports.
Is a dollar increase anticipated in 2022?By the conclusion of this quarter, experts and Trading Economics' global macro models predict that the US dollar will be trading at 106.21. Looking forward, we predict it will trade at 110.87 in a year.
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Debbie has $60 to spend on clothes. She wants to buy a pair of jeans for $18 and spend the rest on t-shirts. Each t-shirt costs $8. At most, how many t-shirts can she buy?
Answers
Answer:
6
Explanation:
6*8=48, 48+12=60
Answer:
She can only buy 5 shirts
Explanation:
60-18=42
42 divided by 8 is about 5
What is the purpose of a charitable organization?
Answers
Answer:
The purpose of a charitable organization is to promote the well-being of individuals and communities by providing services, resources, and support to those in need.