Uneven income distribution is largely a problem confined to poorer nations

Gift tax is payable when the total value of gifts to an individual in one year is more than

a. $8,000. b. $14,000. c. $15,000. d. $28,000.

The commission structure for the brokerage was 5% on the first $1,000,000 and 8% on the rest. The property sold for $1,345,000. How much was the commission?

(a) $97,250 (b) $67,250 (c) $77,600 (d) $174,850