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You don't have to pay taxes on a 20K inheritance from anyone. However, what will happen is taxes can be taken out of the 20K.

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11y ago

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What is 20K Meaning in Financial Term? The 20K full form stands for (Twenty Thousand) the word “K” reflects the amount in thousands and 20K used to determine the Twenty thousand amount in words or 20,000 amounts in numerical, allowing the users to understand the actual full form of 20K.


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What is 20k plus 50?

20k could mean 20000 so 20k + 50 = 20050 Or if k is a variable, 20k + 50 can be reduced to 10(2k+5) or similar. The question is ambiguous.


Does 20K equal 20M?

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What does the k mean in 20k?

The k in 20k means miles. If you are running 20k you are running 20 miles. You put this question in Economics, so if you are indeed talking money, then 20k means 20 thousand dollars. ...K stands for Kilo (1000grams) so if you have 20, 000 grams, you have 20 Kilos. In financial trading terms, K refers to $1000, therefore 20K is $20,000. When expressed verbally and pertaining to running, 20k is actually written as 20km which is 20 kilometres not 20 miles as stated above (20 mi). So if you're running a 20K race carrying 20K to win a grand prize of $20K, you know what you're about to do.


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