1. In 2016 joshua gave 14000 worth of xyz stock to his son. In 2017 the xyz shares are worth 25000. what was the gift tax in 2016? What was the total amount removed from joshua 's estate in 2017? What will be the gift tax in 2017?
2. ABC's cost of goods sold during 2011 was $252,899 and its Accounts Payable Deferral Period (APDP) for the year is 19.4. Given these figures, what is the level of accounts payable on its balance sheet?
3. Incite Co. has a 32 percent tax rate. Its total interest payment for the year just ended was $40.4 million.
What is the interest tax shield? (Do not round intermediate calculations and enter your answer in dollars, not millions of dollars, e.g., 1,234,567. Round your answer to the nearest whole number, e.g., 32.)