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

Respond to this Question

First Name
School Subject
Your Answer

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