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What is the difference between current liability and total liability?
Current Liability: Current liability is a specific liability and it is short term and mostly it is paid within the year. Total Liability: Total liability is the sum of all liabilities like current liabilities, outstanding liabilities etc.
When is the property in a Marital deduction Q-tip trust taxed?
Tax is assessed on a QTIP trust upon the death of the second spouse. If the total estate of the second spouse (including the QTIP trust) does not exceed the exemption amount in effect at the time, then no tax will be paid. To the extent that the addition of the QTIP to the second spouse's estate causes tax liability, that liability should be paid by the beneficiaries of the QTIP trust.
Is the contingent liability added to the total liability?
Contingent liabilities are not added to total liabilities but shown as a note to financial statements that these are the liabilities that are contingent on certain event
What is the difference between total current assets and total current liabilities is?
the difference between total current assets and total liability is the working capital. It goes with a formula 'current asset -current liability =working capital '
What is the difference between net worth and total liabilities?
Net worth is the liability of the business entity to the owner whereas total liabilities is the total of all liabilities of the business entity. ( however normally when we speak of total liabilities of the business we may/can exclude the liability of the business to the owner)
How much money does flo on the progressive commercial make?
Total income surpasses the million dollar mark.
How many 1000 dollar bills are in one million dollars?
There are 1,000 one-thousand-dollar bills in one million dollars. This is because one million divided by one thousand equals one thousand. Therefore, if you have one million dollars in one-thousand-dollar bills, you would have a total of 1,000 bills.
How many 1000 dollar bills is in a million?
There are 1,000 one-thousand-dollar bills in a million dollars. This is calculated by dividing one million by one thousand, which equals 1,000. Each bill represents a portion of the total, and together they sum to one million dollars.
What is the difference between current liability and total liability?
Current Liability: Current liability is a specific liability and it is short term and mostly it is paid within the year. Total Liability: Total liability is the sum of all liabilities like current liabilities, outstanding liabilities etc.
Did lightning won the million dollar in total drama revenge of the island?
Yes, he beat Cameron in the finale, and won himself the million dollars.
How many ''Six Million Dollar man'' episodes do exist?
There are many "Six Million Dollar man" episodes available. The series consisted of five seasons and six TV movies, there were one hundred episodes in total.
How many would 4 million Quarters be?
While they would be very heavy, the dollar amount that they would total up to would be one million dollars.
If you have a million dollar umbrella and 100-300 on your auto insurance is your total coverage one million three hundred thousand?
It depends on your policy. Your liability coverage for an accident that doesn't involve your car is a million because of that umbrella policy. For an automobile accident, your total coverage is probably 1.3 million, but might be less because of an exclusion in either policy about duplicate coverage. That's not a common exclusion, though it is possible. It depends upon your policy. You should have received a copy of your policy when you paid for your coverage. If you don't have a copy, or don't understand it, call your agent or insurance company.
Did Whitney Houston put all her stuff in her daughter's name?
If by "all her stuff" you are referring to her estate, yes she did. In her will, Whitney Houston left everything in her estate (about $20 million total) to her daughter Bobbi Kristina.
What is federal estate tax on jointly owned home?
Federal estate tax applies to the total value of a deceased person's estate, including assets like a jointly owned home. When a home is jointly owned, the portion of the property attributed to the deceased is included in their estate for tax purposes. The tax is assessed based on the total estate value exceeding the exemption limit, which was $12.92 million for individuals in 2023. Estate tax rates can range from 18% to 40% depending on the value of the estate above the exemption threshold.
When is the property in a Marital deduction Q-tip trust taxed?
Tax is assessed on a QTIP trust upon the death of the second spouse. If the total estate of the second spouse (including the QTIP trust) does not exceed the exemption amount in effect at the time, then no tax will be paid. To the extent that the addition of the QTIP to the second spouse's estate causes tax liability, that liability should be paid by the beneficiaries of the QTIP trust.
Was Derek Sanderson ever the highest paid pro athlete?
Derek Sanderson was the first player EVER to sign a million dollar contract, however he didn't have the highest annual salary. The total worth of the contract was the most. For Example, A-Rod signed a 300 million dollar deal in baseball. If say Manny Ramirez signed a 2 year 65 million dollar deal, Manny would average more per season, while A-Rods total contract was more.
