Available Options are:
1 Cost approach
2 Market data approach
3 Income approach
4 Gross rent multiplier
Answer:
Market data approach
Explanation:
The Market data is more relaible source to finding the home's market value. As in the given scenario, it is evident that the property is not an investment property, hence it is more appropriate to find the asset's value using the market data rather using the rental value to compute the value of the asset.
Answer:
Businesses that rely on a physical infrastructure.
Explanation:
e-commerce is a short for electronic commerce and it can be defined as a marketing strategy that deals with meeting the needs of consumers, by selling products or services to the consumers over the internet.
This ultimately implies that, e-commerce is strictly based on the buying and selling of goods or services electronically, over the internet or through a digital platform. Also, the payment for such goods or services are typically done over the internet such as online payment services.
In view of the above details, businesses that rely on a physical infrastructure poses the highest degree of difficulty in e-commerce because it's only dependent online retailing.
Answer: $46,950
Explanation:
a. All sources of income should be included including illegal ones.
b. Gain = 1,000 (32 - 31)
= $1,000
c. Gain = Amount received - Amount paid apportioned per year
= 25,000 - (210,000/20)
= 25,000 - 10,500
= $14,500
d. Not included as disability benefits are not included.
e. The $300 is deductible but the $200 that went towards car payment is not.
f. Taxation principles require that the person taxed should be the person earning the income so Ken will not be charged on the $1,100
g. The relevant figure here is the tax benefit before the $610 refund.
Ken claimed $6,250 in itemized deduction but the standard deduction is $6,200. Ken gained;
= 6,250 - 6,2000
= $50
h. The $30,000 is included as Ken earned it.
Gross Income = 1,200 + 1,000 + 14,500 + 200 + 50 + 30,000
= $46,950
Answer
The answer and procedures of the exercise are attached in the following archives.
Explanation
You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.
