Which of these situations would follow the general rule for basis of inherited property?

Louis died on August 12, 2019, leaving his house to his sister, Etty.

On August 15, 2018, Leroy gave his brother Ralph appreciated stock. Leroy's brother Ralph died on February 16, 2019. Ralph's only heir was Leroy.

Mick died on June 30, 2019. He named his brother Emmett as the beneficiary of his 401(k) plan.

Janet died on January 1, 2019. At that time, she had an IRA with a balance of $32,640. She named her daughter, Emily, as the beneficiary of her IRA.

Answers

Answer 1

Amon the following situation 2 cases follow the general rule for basis of inherited property

Given , Statements of inheritance.

1. Louis died on August 12. 2019 leaving his house to his sister, Etty.

This is a case of inheritance of property as it justifies conditions of the definition of Inheritance of Property i.e Louis died and as a consequence his property is transferred to his sister which is her relative as per law. So, this is a valid case of inheritance. Even a person can transfer his property to some unrelated person, if he so mentions in his will.

2. On August 15, 2018, Leroy give his brother Ralph appreciated stock. Leroy's brother died on February 16, 2019, Ralph's only heir was Leroy.

In this case, transfer of stock from Leroy to Ralph is outside the definition of inheritance, since Leroy was not died at that time. On second instance, when stock was transferred to Leroy after Ralph death in February 2019. It is a case of inheritance but it is the case of inheritance of stock, not inheritance of property. Stock of a company is not considered a property.

3.Mick died on June 30, 2019. He named his brother Emmett as the beneficiary of his 401(k) plan.

A 401(k) plan is a retirement savings account that allows an employee to divert a portion of his or her salary into long-term investments. The employer may match the employee's contribution up to a limit.

This is also a case of inheritance but not the case of inheritence of property. Retirement Savings account is not considered as property.

4.Janet died January 1, 2019. At that time, she had a IRA with balance of $32640. She named her daughter, Emily, as the beneficiary of her IRA.

This is also a case of inheritance but not the case of inheritence of property. IRA (Individual Retirement Account) is not considered as property.

Know more about inheritance of property,

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Related Questions

A store offers some customers a coupon and then counts how many customers return to the store to shop again. The two-way table shows the results of this experiment. Offered coupon Not offered coupon Returned to store 85 60 Did not return to store 25 38 Select a word or phrase from the drop-down menus to correctly complete the statements describing the association. More customers who returned to the store were Choose... . More customers who did not return to the store were Choose... . There Choose... appear to be an association between whether a customer received a coupon and the customer’s tendency to return to the store to shop again.

Answers

Answer:

More customers who returned to the store were "Offered a Coupon"

More customers who did not return to the store were "not offered a coupon"

There "does" appear to be an association between whether a customer received a coupon and the customer’s tendency to return to the store to shop again.

Hope this helps buddy!

Step-by-step explanation:

Answer:

1.offered coupon

2.not offered a coupon

3. does

If the sensor started working 15 minutes into the draining, how much was in the tank to begin with?

Answers

It has to be around 10 cm

If angle a= 143 degrees and angle c = 61 degrees, in what is the measure of angle b?

Answers

The answer is 82 is the correct answer

Find the indicated term of each sequence by repeatedly multiplying the first term by the common ratio.
Enter your answer to 5 decimal places if necessary. Use a calculator.
A
-50, 35, -24.5,..;5th term
The 5th term of the sequence is 70

Answers

Answer:

Step-by-step explanation:

The first term here is -50 and the common ratio is 0.70.  Note that the second term is 0.70(50) = 35.

The formula a(n) = a(0)*r^(n -1) becomes  a(n) = -50*0.70^(n -1), and so

the 5th term is a(5) = -50*0.70^4 = -12.005

A huge trucking firm determines that its fleet of trucks averages a mean of 12.4 miles per gallon with a standard deviation of 1.2 miles per gallon on cross-country hauls. The distribution of miles per gallon is approximately normally distributed. What is the probability that a randomly selected truck averages fewer than 10 miles per gallon

Answers

Answer:

[tex]P(x<10miles)=0.023[/tex]

Step-by-step explanation:

From the question we are told that

Sample mean [tex]\=x=12.4[/tex]

Standard deviation [tex]\sigma=1.2miles\ per\ gallon[/tex]

Probability of [tex]P(x<10miles)[/tex]

Generally the equation for [tex]P(x<10miles)[/tex] is mathematically given as

[tex]P(x<10miles)=(\frac{10-12.4}{1.2})[/tex]

[tex]P(x<10miles)=0.023[/tex]

Therefore The probability that a randomly selected truck averages fewer than 10 miles per gallon

[tex]P(x<10miles)=0.023[/tex]

Soo I need help... can u help?

Answers

Answer:

I think its (6042 = 1780 + a) but I'm not really sure though but I hope if that helped somehow

Answer:
6042= 1708 + a

Emmaline bought a new book for $12 with a coupon for 25% off, how much would it cost without the coupon

Answers

Answer:

$16

Step-by-step explanation:

[tex]0.75x = 12\\3x = 48\\x = 16[/tex]

It will cost 14$ without the coupon

X=3G/2 rearrange to make g the subject

Answers

Answer:

2x/3 = G

Step-by-step explanation:

X=3G/2

2X= 3G

2X/3 = G

2x/3=g I think I’m not fully sure

3. What is the product of 22.5 and 3.32?
A. 74.700
B. 747.00
C. 13.950
D. 139.50

Answers

Answer:

A

Step-by-step explanation:

22.5 times 3.32 results in 74.7, or A.

Please help me with these math problems! I have had so much going on lately and haven't had time to do them
Will give lots of points and make brainliest please help

Answers

tanx =60/70
For more explanation
....

Suppose restaurant​ A's chicken salad contains 6more grams of fat than restaurant​ B's chicken salad. Find the number of grams of fat in each salad if there are 56grams of fat in the two salads by solving the equation x plus (x plus 6 )equals 56​,where xrepresents the number of fat grams in the restaurant​ B's chicken salad and x plus 6represents the number of fat grams in restaurant​ A's chicken salad.

Answers

Answer:

Restaurant A: 31 grams of fat

Restaurant B: 25 grams of fat

Step-by-step explanation:

[tex]x + (x + 6) = 56\\2x + 6 = 56\\2x = 50\\x = 25[/tex]

Lucas is selling ribbons to raise money for the Juvenile Diabetes Research Foundation. His expenses include $46 for materials, plus $0.02 per ribbon. If Lucas charges $0.25 per ribbon, how many ribbons does he need to sell to break even

Answers

Answer:

He needs to sell 200 ribbons to break even.

Step-by-step explanation:

The break even point is where the expenses are equal to the earnings, so you can write an expression that indicates that Lucas' expenses are equal to his earnings:

46+0.02x=0.25x

Now, you can solve for x to find the answer:

46=0.25x-0.02x

46=0.23x

x=46/0.23

x=200

According to this, the answer is that he needs to sell 200 ribbons to break even.

If 8 people can be seated at a dinner table, how many tables are required to seat 48 people?

Answers

Answer:

6 tables

Step-by-step explanation:

8 multiply by 6 gives you 48

What is the probability you will get one tail? Toss a coin three times

Answers

Answer:

3/8

Step-by-step explanation:

We want the probability of getting a tail in three trials.

We will use binomial distribution, given by the formula:

[tex]\displaystyle P(x)={n\choose x}p^xq^{n-x}[/tex]

We want one success out of three trials. So, n = 3 and x = 1.

The probability for success in one trial is 1/2. So, p = 1/2.

And the probability for failure in one trial is 1/2. q = 1/2.

Therefore, the probability of getting a tail is:

[tex]\displaystyle P(1)={3\choose 1}\Big(\frac{1}{2}\Big)\Big(\frac{1}{2}\Big)^2[/tex]

Evaluate:

[tex]\displaystyle P(1)=3\Big(\frac{1}{8}\Big)=\frac{3}{8}[/tex]

The probability of getting a tail by tossing a coin thrice is 3/8.

Edit:

My apologies. If you haven't learned the binomial distribution yet, below is another method.

Using the fundamental counting principle, we have a total of 2 times 2 times 2 or 8 total outcomes.

We want only one tail. This can be the first toss, the second toss, or the third toss.

So, out of 8 total outcomes, only 3 are favorable.

Hence, the probability of getting one tail by tossing a coin thrice is 3/8.

5. Mason's mom bought g games online. The games cost $12 each plus a $7 shipping fee. Write an expression to represent how much Mason's mom spent for the games.​

Answers

It doesn’t say how many games the mom bought or how much she spent

Delaney wants to start saving money to buy a 3-D printer. If she needs to save at least $300.00 to pay for it and has decided to save $15.00 per week from doing chores around the house. Which inequality can be used to find how many weeks will it be before she can purchase the 3-D printer?


15x\geq 30015x≥300


\frac{x}{300} \geq 15
300
x

≥15


15x \leq 30015x≤300


\frac{x}{300} \leq 15
300
x

≤15

Answers

Answer:

20 weeks

Step-by-step explanation:

30/15=2

300/15=20

20 weeks


If A car depreciates 20% when purchased and 8% each year after and the car is 6 years old what was the original purchase price?

Answers

Answer:

The value of a car purchased for $20,000 decreases at a rate of ... the car after 3 years? ... Kathy plans to purchase a car that depreciates. (loses value) at a rate of 14% per year. The initial ... If the population, P, increases by 20%each year, which equation could be used to find the population after 1 ... half a year= 6 months!

Step-by-step explanation:

HOPE THIS HELPS!!

Factor the trinomial. Factor out the GCF first.
11x^2 + 33x + 22

Answers

Step-by-step explanation:

11x² + 33x + 22

= 11(x² + 3x + 2)

= 11(x + 1)(x + 2).

Brian goes to school 6 hours per day, and sleeps for 9 hours per day. What is the ratio of hours Brian works to hours Brian sleeps?​

Answers

Answer:

6:4:9 Yw❤️

Step-by-step explanation:

Samples of a cast aluminum part are classified on the basis of surface finish (in microinches) and edge finish. The results of 102 parts are summarized as follows: edge finish excellent good surface finish excellent 84 4 good 5 9 Let A denote the event that a sample has excellent surface finish, and let B denote the event that a sample has excellent edge finish. If a part is selected at random, determine the following probabilities. Round your answers to three decimal places (e.g. 98.765). (a) Upper P left-parenthesis Upper A right-parenthesis equalsEntry field with correct answer .8627 (b) Upper P left-parenthesis Upper B right-parenthesis equalsEntry field with correct answer .8725 (c) Upper P left-parenthesis Upper A prime right-parenthesis equalsEntry field with correct answer .1372 (d) Upper P left-parenthesis Upper A intersection Upper B right-parenthesis equalsEntry field with correct answer .8235 (e) Upper P left-parenthesis Upper A union Upper B right-parenthesis equalsEntry field with correct answer .9117 (f) Upper P left-parenthesis Upper A prime union Upper B right-parenthesis equalsEntry field with incorrect answer .9214

Answers

Answer:

a) P (A)= 88/102= 0.8627

(b) P (B)=  89/102= 0.8725

c) P (A`) =  14/102 = 0.1372

(d) P (A∩B) = 84/102 =0.8235

(e) P(AUB)= 93/102 = 0.9117

(f)P (A`UB) = 98/102= 0.96078

Step-by-step explanation:

                                                                   edge                  

                                                  finish excellent       good           Total

(A )surface finish excellent            84                      4                  88

good                                    ( B) ⇵    5                       9                  14

Total                                               89                      13                102

a) Upper P left-parenthesis Upper A right-parenthesis equals

P (A)= 88/102= 0.8627

All the elements of set A = 84+4= 88

(b) Upper P left-parenthesis Upper B right-parenthesis equals

P (B)=  89/102= 0.8725

All the elements of set B = 84+5= 89

c) Upper P left-parenthesis Upper A prime right-parenthesis equal

P (A`) =  14/102 = 0.1372

All the elements of Universal set U which are not elements of set A = 102- 88= 14

(d) Upper P left-parenthesis Upper A intersection Upper B right-parenthesis equals

P (A∩B) = 84/102 =0.8235

Only those elements of set A and set B which are common

(e) Upper P left-parenthesis Upper A union Upper B right-parenthesis equals

P(AUB)= 93/102 = 0.9117

Totalling elements of set A and B= 88+5= 93

(f) Upper P left-parenthesis Upper A prime union Upper B right-parenthesis equals

P (A`UB) = 98/102= 0.96078

All the elements of Universal set U which are not elements of set A and the elements of Set B = 5+9+ 84= 98

را آزرا
What is the value of x in the proportion?

Answers

Answer:

Step-by-step explanation:

Cross multiply on both sides

= (x + 1) (21) = 15(x + 3)

= 21x + 21 = 15x + 45

Bringing like terms on one side

21x - 15x = 45 - 21

= 6x = 24

x = 24/6 = 4

Option A is the correct answer

The correct option :

[tex] =\tt (a) \: 4[/tex]

Steps to derive correct option :

[tex] = \frac{x + 1}{x + 3} = \frac{15}{21} [/tex]

[tex] =( x + 1 )\times 21 = (x + 3 )\times 15[/tex]

[tex] = 21x + 21 = 15x + 45[/tex]

[tex] = 21x + 21 - 15x = 45[/tex]

[tex] = 6x + 21 = 45[/tex]

[tex] = 6x = 45 - 21[/tex]

[tex] = 6x = 24[/tex]

[tex] = x = \frac{24}{6} [/tex]

[tex] =\color{plum} \bold{x = 4}[/tex]

Let us now place 4 in the place of x and see if the substitution is equivalent to [tex] \frac{15}{21} [/tex] :

[tex] = \frac{4 + 1}{4 + 3} = \frac{15}{21} [/tex]

[tex] = \frac{5}{7} = \frac{15}{21} [/tex]

[tex] = \frac{5}{7} = \frac{15÷3}{21÷3} [/tex]

[tex] = \frac{5}{7} = \frac{5}{7} [/tex]

Therefore, the value of x in this proportion = 4

please help!! i’m stuck and i’ll give brainliest but i need an explanation for the answer

Answers

9514 1404 393

Answer:

  -12

Step-by-step explanation:

The average rate of change of a function f(x) on an interval [a, b] is defined as ...

  average rate of change = ((f(b) -f(a))/(b -a)

For the given function and interval, this is ...

  average rate of change = (f(1.25) -f(0.75))/(1.25 -0.75)

  = (4 -10)/(0.5) = -12

The average rate of change is -12 on the interval.

__

The calculator results for f(1.25) and f(0.75) are shown in the attachment, along with the computation of the average rate of change.

Solve: 4x + 6 = 8x - 18

Answers

Answer:

x=-3

Step-by-step explanation:

4x+6=8x+18

We simplify the equation to the form, which is simple to understand  

4x+6=8x+18

We move all terms containing x to the left and all other terms to the right.  

+4x-8x=+18-6

We simplify left and right side of the equation.  

-4x=+12

We divide both sides of the equation by -4 to get x.  

x=-3

Answer:

hope it helps answer is x=6

Derrick's dad bought new tires for $900
using a credit card. His card has an
interest rate of 19%. If he has no other
charges on his card and does not make a
payment, how much money will he owe
the credit card company after one
month?

Answers

Answer:

171

Step-by-step explanation:

9 * 19 is 171 dollars so that's what he'll owe

Kevin was thinking of number Kevin adds 5 to it,then doubles and gets an answer of 48.4. What was original numbers

Answers

19.2 begntehegnwfbsfbwtgrw

HELPPPPPPPPPPPP PLSSSSSSSSSSSSSS

Answers

Answer: it’s C

Step-by-step explanation:

d,

hope this helps! May I have brainliest please? :D

Mary French uses gas to heat her home. She has accumulated the following information regarding her monthly gas bill and monthly heating degree-days. The heating degree-days value for a month is found by first subtracting the average temperature for each day from 65 degrees and then summing these daily amounts together for the month. Month Heating Degree-Days Gas Bill February 1,900 $195 April 600 $78 The equation representing the relationship between the gas bill (Y) and heating degree-days (X) is:

Answers

Answer:

[tex]Y=$24+0.09X[/tex]

Step-by-step explanation:

From the question we are told that

February Heat [tex]H_1=1900\textdegree[/tex]

February Gas [tex]G_1 =\$195[/tex]

April Heat [tex]H_2=600\textdegree[/tex]

April Gas [tex]G_2=\$78[/tex]

Generally equation for heating degree-days X is mathematically given by

 [tex]X=\frac{\triangle gas\ bills}{\triangle Heating\ days}[/tex]

 [tex]X=\frac{195-78}{1900-600}[/tex]

 [tex]X=\$ 0.09[/tex]

Generally the equation for gas bill Y is mathematically represented by

 [tex]Y=78-(600*0.09)\\Y=\$24[/tex]

The equation representing the relationship between the gas bill (Y) and heating degree-days (X) is

 [tex]Y=$24+0.09X[/tex]

FOR 20 points

Show your work neatly for each problem.
1. Michelle and Cameron are selling popcorn for a school fundraiser. Michelle sold 10 tins of cheese
popcorn and 8 tins of caramel popcorn for a total of $446. Cameron sold 22 tins of cheese popcorn and
11 tins of caramel popcorn for a total of $803. Write a system of equations to determine the cost one tin
of cheese popcorn and one tin of caramel popcorn. Show all your work.

Answers

Answer:

one tin of cheese $23

one tin of caramel $27

Step-by-step explanation:

let 'x' = cost of cheese tin

let 'y' = cost of caramel tin

10x + 8y = 446

22x + 11y = 803

i multiplied the first equation by -11 and the second by 8 to eliminate the 'y' terms

  -110x - 88y = -4906

+  176x + 88y = 6424

    66x = 1518

     x = 1518 / 66

     x = 23

find 'y':  10(23) + 8y = 446

             230 + 8y = 446

              8y = 216

               y = 27

Consider the expression 5x-20. Write an expression that if set equal to 5x-20 would result in the equation having no solution.

Answers

Answer:

5x=5x-20 or -20=5x-20

Step-by-step explanation:

2.5 in 2 in 3.5 in Note Numbers are rounded to the nearest tenth in the image What is the approximate surface area of the triangular prism represented by the net shown above? OA about 20 125 square inches OB. about 21 875 square inches OC about 23.25 square inches D. about 25 75 square inches​

Answers

D I hope this helps

Answer:

Its C

Step-by-step explanation:

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