Absorption costing, which is also known as full absorption costing or full costing, is a method for accumulating fixed and variable costs associated with the production process and apportioning them to individual products.Thus, a product must absorb a broad range of costs.The key costs assigned to products are:bsorption costing, which is also known as full absorption costing or full costing, is a method for accumulating fixed and variable costs associated with the production process and apportioning them to individual products. Thus, a product must absorb a broad range of costs. The key costs assigned to products are:
The Annual Gift Tax Exclusion. The annual gift tax exclusion was indexed for inflation as part of the Tax Relief Act of 1997, so the amount increased in subsequent years to keep pace with the economy. Below is a chart that shows the increases in the annual exclusion from 1997 through 2015.
With the annual gift tax exclusion, you're allowed to give money or property with up to $15,000 for 2018 without having to file a gift tax return or pay any gift tax. The $15,000 amount is the maximum you can give to any one person, but you can make multiple $15,000 gifts to different people and still get an exclusion for each. The annual gift tax exclusion is indexed for inflation. However, the amount is rounded to the next lower multiple of $1,000. As a result, the exclusion was stuck at ...