All of the following would be allowed as deductions from the gross estate in computing the taxable estate except

A. Funeral expenses paid out of the estate.
B. Debts owed by the decedent at the time of death.
C. Income tax on income received after the decedent's death.
D. Casualty and theft losses that occurred during settlement of the estate.

Answer: C. Income tax on income received after the decedent's death.

Business

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An example of a tactical pricing decision is _____

a. pricing at market levels b. charging list prices on all items c. reducing prices on specific seasonal merchandise which is overstocked d. allowing in-store negotiation

Business

A computer help desk receives new daily customer arrivals according to the following probability distribution:

# Arrivals Probability Random # 0 0.05 01-05 1 0.2 06-25 2 0.3 26-55 3 0.2 56-75 4 0.15 76-90 5 0.1 91-00 The number of customers that the help desk has the capability to serve per day is based on the following probability distribution: # Served Probability Random # 3 0.5 01-50 4 0.3 51-80 5 0.2 81-00 If the number of arrivals exceeds the # served capability, the customers will receive top priority the next day. The random numbers drawn for a 5-day simulation are as follows: Arrival Random # Service random # 19 95 34 95 39 92 90 33 97 85 What will the average number of delays be for the 5-day simulation?

Business