Computation of the inclusion ratio. T transfers $100,000 to a newly-created irrevocable trust providing that income is to be accumulated for 10 years. At the end of 10 years, the accumulated income is to be distributed to T's child, C, and the trust principal is to be paid to T's grandchild. made no prior gifts to or for the benefit of GC during 1996. The entire $10,000 transfer is a nontaxable transfer. For purposes of computing the tax on the direct skip, the denominator of the applicable fraction is zero, and thus, the inclusion ratio is zero.
proke â(third-person singular simple present prokes, present participle proking, simple past and past participle proked) (obsolete) To poke; to thrust. (Can we find and add a quotation of Holland to this entry?)
Poka-yoke helps people and processes work right the first time. Poka-yoke refers to techniques that make it impossible to make mistakes. These techniques can drive defects out of products and processes and substantially improve quality and reliability. It can be thought of as an extension of FMEA. It can also be used to fine tune improvements and process designs from six-sigma Define - Measure - Analyze - Improve - Control (DMAIC) projects. The use of simple poka-yoke ideas and methods in product and process design can eliminate both human and mechanical errors. Poka-yoke does not need to be costly.