# law

posted by .

If the decedent owned an interest in a qualifying family-owned business, a deduction from the gross estate in the amount of up to __________ may be available.
A. \$1,100,000
B. \$1,200,000
C. \$2,100,000
D. \$2,200,000

## Similar Questions

1. ### Tax consequence

Corporation is a calendar-year taxpayer. All of the stock is owned by Fred. His basis for the stock is \$35,000. On 3/1 (non-leap year), Corporation distributes \$120,000 to Evan. Determine the tax consequences of the cash distribution …
2. ### Math 116

Q1) there are two plans available, but they only have 38 homes available. write an equation that illustrates the situation. use x and y to denote plan 1 and plan 2. A1) X+Y=38 Q2)Plan 1 sells for \$175,000 and plan 2 sells for \$200,000. …
3. ### financial accounting and reporting

january 01,2007 Mr.A started a business with cash Rs.3000,000 Bank RS.4000,000, Building Rs.3000,000,Laptop Rs.80,000, Desktop computers Rs.50,000,Fax machine Rs.100,000,Simple calculators Rs.5,000, Financial calculators Rs.10,000, …
4. ### acct

Business is going well for Email Designers. The board of directors of this family-owned company believes that Email Designers could earn an additional \$1,000,000 income before interest and taxes by expanding into new markets. However, …
5. ### healthcare fiancare

HINT: 6% X \$1,000,000 – {20% X (\$1,000,000 – (6% X \$1,000,000))} = 6% X \$1,000,000 – {20% X (\$1,000,000 - \$60,000))}= 6% X \$1,000,000 - {20% X \$940,000}= 6% X \$1,000,000 - \$188,000 = \$60,000 - \$ 188,000= -\$128,000 A) The interst …
6. ### math

A certain sweepstakes ticket has four categories of prizes with the following probabilities of being won: Prize Probability \$100,000 1/500,000 \$50,000 1/250,000 \$20,000 1/200,000 \$10,000 1/100,000 What is the expected value of buying …
7. ### math

A certain sweepstakes ticket has four categories of prizes with the following probabilities of being won: Prize Probability \$100,000 1/500,000 \$50,000 1/250,000 \$20,000 1/200,000 \$10,000 1/100,000 If each ticket costs \$1.00, what is …
8. ### Math

Would 72,060,964,765 look like the following in it's expanded form?
9. ### math

Dynacan Ltd. manufactured 10,000 units of product last year FC= 22,200,000,19,200,000,9,600,000,5,000,000 VC= 50,400,000,93,000,000,16,000,000,14,200,000 If unit variable costs and fixed costs remain unchanged, calculate the total …
10. ### Accounting

3) Green Corporation is a calendar-year taxpayer. All of the stock is owned by Evan. His basis for the stock is \$35,000. On March 1 (of a nonleap year), Green Corporation distributes \$120,000 to Evan. Determine the tax consequences …

More Similar Questions