LESSON PLAN - NASRO

see example on pg. 26 – total of $31,000 from Dad. 1st $11,000 is exempt from tax. then $20,000 is taxable. tax tables say $3800 in taxes due, but uses Unified Credit and deducts the amount from that and doesn’t pay any tax at this time. next year needs $31,000 to repair roof = again $11,000 exempt ................
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