Answer:
1. To determine whether she is in the business of being a person who LEASE out property as well as what will be her TAX BASIS for the lease.
2. Ordinary income of $60,000
Explanation:
1. Based on the information given the factors that she should consider in order to determine the amount as well as the character of her income from these circumstances is to determine whether she is in the business of being a person who LEASE out property as well as what will be her TAX BASIS for the lease.
b. Based on the information given we were told that the tenant paid her the amount of $60,000 in order to cancel its obligations under the lease which means that the amount and character of her income from the cancelled lease will be ORDINARY INCOME of the amount of $60,000 which we were told the tenant paid her in order to cancel its obligations under the lease.
Answer:
B. False. It's called trade payables.
Explanation:
Bring in new products or services, introduce deals and sales, help local charities
<span>The answer is james watt created an improved steam engine to pump water out of mines
James watt's steam engine design was an improvement from the one that created by Newcomen in 1712.
Due to Watt's deisgn, the machine could almost doubled in productivity and it started to be developed for other industries beside minings</span>
