Jack had been working with an estate planner for several years prior to his death. accordingly, jack made many transfers during his life in an attempt to reduce his potential estate tax burden, and jack's executor, tom, is thoroughly confused. tom comes to you for clarification of which assets to include in jack's gross estate. which of the following transactions will not be included in jack's gross estate?

a. jack gave $40,000 to each of his three grandchildren two years ago. no gift tax was due on the gifts.

b. jack purchased a life insurance policy on his life with a face value of $300,000. jack transferred the policy to his son two years ago.

c. jack and his wife owned their personal residence valued at $250,000 as tenants by the entirety.

d. after inheriting a mountain vacation home from his mother, jack gifted the vacation home to his daughter to remove it from his gross estate. jack continued to use the property as a weekend getaway and continued all maintenance on the property.

What is the second step in communication planning? determine the purpose of the message outline the communication for delivery determine the best channel of communication clarify objectives identify the audience

Ashop owner uses a reorder point approach to restocking a certain raw material. lead time is six days. usage of the material during lead time is normally distributed with a mean of 42 pounds and a standard deviation of four pounds. when should the raw material be reordered if the acceptable risk of a stockout is 3 percent?

John and daphne are saving for their daughter ellen's college education. ellen just turned 10 at (t = 0), and she will be entering college 8 years from now (at t = 8). college tuition and expenses at state u. are currently $14,500 a year, but they are expected to increase at a rate of 3.5% a year. ellen should graduate in 4 years--if she takes longer or wants to go to graduate school, she will be on her own. tuition and other costs will be due at the beginning of each school year (at t = 8, 9, 10, and 11).so far, john and daphne have accumulated $15,000 in their college savings account (at t = 0). their long-run financial plan is to add an additional $5,000 in each of the next 4 years (at t = 1, 2, 3, and 4). then they plan to make 3 equal annual contributions in each of the following years, t = 5, 6, and 7. they expect their investment account to earn 9%. how large must the annual payments at t = 5, 6, and 7 be to cover ellen's anticipated college costs? a. $1,965.21b. $2,068.64c. $2,177.51d. $2,292.12e. $2,412.76