NO.PZ202411210200003201
问题如下:
In real, after-tax terms, by how much will maximizing annual gifts to their heirs reduce the McDaniels’s estate by the time of John’s death?
选项:
A.USD 2.2 million
B.USD 4.4 million
C.USD 9.3 million
解释:
B is correct. The
maximum gift per heir is USD 36,000 (USD 18,000 from John and USD 18,000 from
Lisa.) With five heirs, the total amount would be USD 180,000 per year. The
real, after-tax investment return would be (7% × (1 – 0.1)) – 2.5% = 3.8%. Over
the 17 years to John’s death, this would accrue to USD 180, 000 ×
(1.038)×[(1.038)17-1]/0.038 = USD 4, 352, 337.
The lifetime gifts
would reduce the final value of the estate by this amount.
A is incorrect
because in this case, a total of USD 90,000 per year is used as the maximum
gift from one parent instead of a total of USD 180,000 from both parents:
USD 90, 000 ×
(1.038)×(1.038)17/0.038 = =
USD 2, 176, 168.
C is incorrect
because in this case, 1 is not subtracted in the numerator of the last term in
the annuity factor:
USD 180, 000 ×
(1.038)×(1.038)17/0.038 = USD 9, 269, 179.
请问这道题PMT为什么不算夫妻两个人的?是因为题目中说,是为了reduce男方 estate的gift那部分,所以只算一方的gift吗