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In 2015,Boris Put $7,000,000 in an Irrevocable Trust for His

question 59

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In 2015,Boris put $7,000,000 in an irrevocable trust for his great grandson.What amount of tax will Boris have to pay because of this transfer?


Definitions:

Shares Outstanding

The total number of shares of stock that have been issued by a company and are held by investors, including both public investors and company insiders.

Stock Price

The ongoing rate at which an individual can buy or sell a company's stock in the market.

Future Earnings Growth Rate

The projected annual rate at which a company’s earnings are expected to increase, affecting the company's stock price and valuation.

Cash Coverage Ratio

A financial metric that measures a company's ability to cover its interest obligations with its cash flow.

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