Answer:
$64,500
Explanation:
The basis of a partnership interest is the money plus the adjusted basis of any property the partner contributed. In this case adjusted basis of jerry in his partnership can be calculated as follows
Adjusted basis of Jerry In his Partnership = Partnership interest - Ordinary Loss + Long term Capital gain + Dividend-Non Deductible Expenses + Cash Contribution - Share deduction
Adjusted basis of Jerry In his Partnership = $41,000 - $6,000 + $4,900 + $3,900 - $2,400 + $29,000 - $5,900
Adjusted basis of Jerry In his Partnership = $64,500
Answer:
TRUE.
Explanation:
A secondary boycott is an attempt to influence the actions of one business by exerting pressure on another business. It is a situation where one refuses to do business with a company in an attempt to persuade them not to do business with another company where the employees are striking or involved in a disagreement with their employees.
Typically a labor union involved in a dispute with an employer will arrange a secondary boycott if less drastic measures to reach a satisfactory accord with the employer have been ineffective. Secondary boycotts have two main forms: a secondary consumer boycott, in which the union appeals to consumers to withhold patronage of a business, and a secondary employee boycott, in which the union dissuades employees from working for a particular business.
Since the postal employees refused to deliver mail claiming that they were honoring the strike for their fellow service union members. Therefore, it is TRUE that the postal employees were participating in a voluntary secondary boycott.
