Discussion Question 1-21 (Algorithmic) (LO.4) Elijah and Anastasia are married and have two married children and thirteen minor grandchildren. For 2020, what is the maximum amount they can give to their family (including the sons- and daughters-in-law) without using any of their unified transfer tax credit? Discussion Question 1-21 (c) (LO. 4) Bill and Susan are married and have two married children. In addition, Bill has three unmarried cousins and Susan has a married nephew from a previous marriage. For tax year 2020, what is the maximum amount they can give to these individuals (including sons- and daughters-in-law) without using any of their unified transfer tax credit? Discussion Question 1-9 (Algorithmic) (LO. 4) The Adams Independent School District wants to sell a parcel of unimproved land that it does not need. Its three best offers are as follows: Offer Organization/Company The State's Department of Public Safety (DPS) The Lexington Presbyterian Church Newberry Inc. $8,900,000 $8,800,000 $8,700,000 Proposed Use New state highway patrol barracks Start a church school Open a car dealership If you are the financial adviser for the school district, which offer would be probably be preferable from a long-term financial standpoint? Lexington Presbyterian Church would probably be preferable since it would be subject to ad valorem taxes. Discussion Question 1-21 (Algorithmic) (LO.4) Elijah and Anastasia are married and have two married children and thirteen minor grandchildren. For 2020, what is the maximum amount they can give to their family (including the sons- and daughters-in-law) without using any of their unified transfer tax credit? Discussion Question 1-21 (c) (LO. 4) Bill and Susan are married and have two married children. In addition, Bill has three unmarried cousins and Susan has a married nephew from a previous marriage. For tax year 2020, what is the maximum amount they can give to these individuals (including sons- and daughters-in-law) without using any of their unified transfer tax credit? Discussion Question 1-9 (Algorithmic) (LO. 4) The Adams Independent School District wants to sell a parcel of unimproved land that it does not need. Its three best offers are as follows: Offer Organization/Company The State's Department of Public Safety (DPS) The Lexington Presbyterian Church Newberry Inc. $8,900,000 $8,800,000 $8,700,000 Proposed Use New state highway patrol barracks Start a church school Open a car dealership If you are the financial adviser for the school district, which offer would be probably be preferable from a long-term financial standpoint? Lexington Presbyterian Church would probably be preferable since it would be subject to ad valorem taxes
