6. You give $1 million to your college in an irrevocable trust with the stipulation that you...

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6. You give $1 million to your college in an irrevocable trust with the stipulation that you receive the earnings from the gift. You are guaranteed a return of 8% on your investment. (LO 16-3)

a. What would be the annual income from your gift?

b. How much of your gift would be a tax deduction?

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Personal Finance Building Your Future

ISBN: 9780077861728

2nd Edition

Authors: Robert Walker, Kristy Walker

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Question Posted: Jul 26, 2024 07:00 AM

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6. You give $1 million to your college in an irrevocable trust with the stipulation that you...

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Personal Finance Building Your Future

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