Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. accounting
  3. mr. b plays national lottery each month. he won th

Mr. B plays national lottery each month. He won the biggest prize 2.000.000 TL on...

60.1K

Verified Solution

Question

Accounting

Mr. B plays national lottery each month. He won the biggest prize 2.000.000 TL on 9 December 2019.

Does the prize Mr. A won is subject to gift tax?. If so, calculate the tax base and the tax payable. Who is going to pay the tax?

(exception amount the gift tax : 4.656 TL , taxes rates in 2019 in picture) image

Tax Base 2019 Tax Rate 0- 290.000 TL 10% For the next 700.000 TL 15% For the next 1.500.000 TL 20%* For the next 2.700.000 TL 25% 30% Any amount above 5.190.000 TL 20% Prizes from Lottery

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Q

If exactly 186 people sign up for a charter flight, Leisure World Travel Agency charges $302/person....

Basic Math
Q

The optimal x-ray energy for producing high contrast images is approximately in the range 20-40 keV....

Physics
Q

estion 8 2 points 1 Listen ome stressors involve traumatic events or sit actual or...

Biology
Q

Find the product and write it in lowest terms 6 11 4 54

Basic Math
Q

The total points scored by two youth soccer teams are shown.Rockets: 3, 0, 3, 4,...

Basic Math
Q

ye y 2y dx xe y 6xy 2y dy 0 Final Answer x y e...

Calculus
Q

Find the locations and values of all relative extrema for the function with the graph...

Calculus
Q

A chronological record of transactions, showing for each transaction the debits and credits to be...

Accounting
Q

2. The deferred tax expense is the: (a) Increase in the balance of the deferred...

Accounting
Q

Please note that Part A and Part B are not related. Part A (5.5 marks)...

Accounting
Q

Exercise 10-8 On August 1, 2017, Blue Spruce Corp. issued $507,600, 6%, 10-year bonds at...

Accounting
Q

Professional corporations are now allowed: in all states ...

Finance