Anna and Patrick, spouses, have four adult children, Alfred, Brenda, Corrinne, and Dana. In the current year, they made a number of gifts. Anna gave Alfred cash of $45,000 and Brenda stock valued at $68,000. Patrick gave Corrinne stock valued at $44,000 and deposited $74,000 in a bank account in the names of Patrick and Dana, joint tenants with right of survivorship. Later in the year, Patrick withdrew $8,700 from the account, and Dana withdrew $7,400. Patrick gave stock valued at $50,000 to his alma mater, State Technological Institute. Requirement Calculate the amount of taxable gifts for each spouse if they elect gift splitting. (Assume the current year is 2022. Select the labels and then calculate the amount of taxable gifts for each spouse if they elect gift splitting. Use a minus sign or parentheses for amounts to be subtracted.)

Problem 9-25 Fudge factors An oil company executive is considering investing $10.1 million in one or both of two wells: well 1 is expected to produce oil worth $3.01 million a year for 10 years; well 2 is expected to produce $2.01 million for 15 years. These are real (inflation-adjusted) cash flows. The beta for producing wells is 0.91. The market risk premium is 9%, the nominal risk-free interest rate is 7%, and expected inflation is 3%. The two wells are intended to develop a previously discovered oil field. Unfortunately there is still a 21% chance of a dry hole in each case. A dry hole means zero cash flows and a complete loss of the $10.1 million investment. Ignore taxes and make further assumptions as necessary. a. What is the correct real discount rate for cash flows from developed wells? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) Real discount rate b. The oil company executive proposes to add 20 percentage points to the…

A. For what values of x is f(x) NOT y 00 6 4 2 X -3-2-10 1 2 3 4 5

Answer Question 4