Answer:
See below
Explanation:
In order to restore any reduction in loan basis, only the net increase is applied in line with section 1367(b)(Adjustment to basis of stocks of shareholders).
What this means is that there is no net increase regarding the information given above I.e ($11,000 - $15,000).
We can safely conclude that there is $11,000 tax free income since the stock basis has been increased by $11,000. There is also a $4,000 capital gain.
Answer:
Our answer is 2430798.798
Explanation:
. 70% of pre-retirement salary should be equal to the interest that we get from savings(5% of savings).
Therefore, 0.7 × 173628.4856 = 0.05×savings
==> savings = 2430798.798
Answer:
Following are the responses to the given question:
Explanation:
The correct answer would be A
Answer:
The correct answer is a. encourage individuals to produce efficiently and undertake productive activities.
Explanation:
The right to property is the legal and immediate power that a person has to enjoy, dispose and revindicate on an object or property, without affecting the rights of others or exceeding the limits imposed by law.
The property right covers all material assets that may be appropriate, useful, of limited existence and that may be occupied.
That is, if a person owns a space of land in which a sweet potato crop grows, therefore he owns the sweet potatoes that are harvested there and can do with them what seems most convenient, that is, sell them, give them away or donate them, always within the framework that limits the law.