Lila is the owner and beneficiary of a policy on the life of her husband, Austin. Upon Austin's death, the insurance proceeds paid to Lila do not qualify for the marital deduction.
Answer the following statement true (T) or false (F)
True
Rationale: Because the proceeds are not included in Austin's gross estate, they do not satisfy the passing requirement, and no deduction is allowed.
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Jackson and Campbell have capital balances of $100,000 and $300,000, respectively. Jackson devotes full time and Campbell one-half time to the business. Determine the division of $150,000 of net income when there is no reference to division in partnership agreement
a. $75,000 and $75,000 b. $37,500 and $112,500 c. $100,000 and $50,000 d. $112,500 and $37,500
A company that stops using Styrofoam containers because they hurt the environment and starts using recycled paper provides an example of:
A) event marketing B) green marketing C) altruistic effort D) cause-related marketing
Technology that allows multitasking is likely to result in more efficient and accurate workplace communication
Indicate whether the statement is true or false
The fewer the periods over which one takes a moving average, the more accurately the resulting forecast mirrors the actual data of the most recent time periods
Indicate whether the statement is true or false