All calculations were correct on worksheet for calculating efficiency, utilization. and productivity. 2. Calculated total cost to the customer to be $969.38. 3. Students utilized service manual to formulate steps service manager would use. to oversee the technician performing.
Inheritance and estate taxes. Massachusetts does not have an inheritance tax, but does collect an estate tax. Previously, the state's estate tax system was tied to federal estate tax collection, but Massachusetts decoupled its estate tax from the current federal levy.
25 comments. 1  Hi Bill, Unless there has been a recent change in the Mass estate tax law, I question the correctness of your statement that the $1 Million Mass exemption is reduced by federal taxable gifts. If you go thru the MA estate tax computation, Form 706 adjusted taxable gifts are not brought back into the estate for Mass estate tax purposes. So, if D with a $2 million taxable estate gives away $1million of that amount as taxable gifts just prior to death, the Mass taxable estate will only be $1Million with a tax of $33,200.