Kristina Karganova invites 16 relatives to a party: her mother, 3 aunts,4 uncles, 3 brothers, 1 male cousin, and 4female cousins. If the chances of any one guest arriving first are equally likely, find the probabilities that the first guest to arrive is as follows. (a) A brother or an uncle (b) A brother or a cousin (c) A brother or her mother

Kristina Karganova invites 16 relatives to a party: her mother, 3 aunts,4 uncles, 3 brothers, 1 male cousin, and 4female cousins. If the chances of any one guest arriving first are equally likely, find the probabilities that the first guest to arrive is as follows. (a) A brother or an uncle (b) A brother or a cousin (c) A brother or her mother

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter19: Family Tax Planning

Section: Chapter Questions

Problem 11DQ

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Kristina Karganova invites 14 relatives to a party: her mother, 3 aunts, 2 uncles, 2 brothers, 1 male cousin, and 5 female cousins. If the chances of any one guest arriving first are equally likely, find the probabilities that the first guest to arrive is as follows. (a) A brother or an uncle (b) A brother or a cousin (c) A brother or her mother
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Ashley Panda lives at 1310 Meadow Lane, Wayne, OH 43466, and her Social Security number is 123-45-6777. Ashley is single and has a 20-year-old son, Bill. His Social Security number is 111-11-1112. Bill lives with Ashley, and she fully supports him. Bill spent 2019 traveling in Europe and was not a college student. He had gross income of $4,655 in 2019. Bill paid $4,000 of lodging expenses that Ashley reimbursed after they were fully documented. Ashley paid the $4,000 to Bill using a check from her sole proprietorship. That amount is not included in the items listed below. Ashley had substantial health problems during 2019, and many of her expenses were not reimbursed by her health insurance. Ashley owns Panda Enterprises, LLC (98-7654321), a data processing service that she reports as a sole proprietorship. Her business is located at 456 Hill Street, Wayne, OH 43466. The business activity code is 514210. Her 2019 Form 1040, Schedule C for Panda Enterprises shows revenues of $315,000,…
Janey, a college student, is on her own financially. She is much too busy with school to hold down any kind of traditional job. However, she does list herself on a number of dating websites and every weekend makes time to see one or more gentlemen. Janey googles all of her potential matches before agreeing to go out in order to confirm a high net worth or income. “I expect a gentleman to be generous,” she says to every potential date. She refuses to go out with anyone who hesitates at that. Janey never does anything illegal but at the same time isn’t shy about showing her appreciation for all she receives. One gentleman pays the rent on her apart-ment. Another pays her tuition for her. A third bought her a car. Some just give her cash... (a) It's 100% certain that everything Janey receives from these gentlemen qualifies as gifts as that term is used in the tax law and so would not need to be reported as “Other income” on her federal income tax return. (b) It's 100% certain…
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