24dontewilliams 24dontewilliams

09-12-2020
Business

contestada

Lavonda’s very wealthy grandmother recently died. After her death, everything she owned totaled $1,000,000. However, her family was only given $700,000. What MOST likely happened to the other $300,000?

It was used to cover income taxes.

It was used to cover sales taxes.

It was used to cover excise taxes.

It was used to cover estate taxes.

Respuesta :

tjhall35 tjhall35

08-01-2022

Answer: wrong it is estate taxes

Explanation:

Answer Link

nikitavidya0 nikitavidya0

14-07-2022

The most likely event happened to the other $300,000 that It was used to cover estate taxes. Thus last option is correct.

What is the meaning of Estate taxes?

Estate Tax refers to the form of the tax in which a charge placed on a property owner's ability to transmit their possessions to others after passing away that takes the shape of a percentage of their taxable estate.

According to the above situation, the death of the Lavonda’s grandmother led to the implementation of the Estate Tax on her wealth of $1,000,000.

Therefore, the taxable estate to be included is $300,000. Thus last option is correct.

Learn more about Estate Tax here:

https://brainly.com/question/6362495

#SPJ2

Answer Link

Otras preguntas

NEED NOW!! Which excerpt from the essay most clearly portrays the Burmese with negative connotations? A. There were several thousands of [Buddhist priests] in t

What is the diameter of this circle if the circumference is 18x inches?

Is Joan read 74 pages in 4 hours how long will it take her to read 240 pages

Dave Amata and his family purchased a new home that has an estimated replacement value of $275,000. They want to insure their home for 85% of its replacement va

Which formula describes the following geometric sequence? Remember that n represents the term number.2, 6, 18, 54, ... a. an = 2 · 3n - 1 b. an = 3 · 2n - 1

The person who comes up with the best answer will be declared the BrainliestIn an organized, well developed report of 5 paragraphs, compare Julius Caesar with o

The bar across the top of an Office Online program that allows users to find the commands to complete a task is called the? A: Button B: Clipboard C: Rib

What's the answer? Plz explain.

What were some differences between the New England and southern colonies

In many cities and towns across the United States, the numbering system of the roads is based on a grid, similar to the latitude and longitude lines on a globe.