Suppose that hedonic wage studies indicate a willingness to pay $50 per person for a reduction in the risk of a premature death
1 answer:
Answer:
- The willingness to pay $50 to reduce the risk of premature death from an environmental hazard of 1/100,000.
- The exposed population is 4 million.
- The implied value of statistical life can be calculated as follows
Explanation:
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Answer: Gwen should report a $3,000 long-term capital gain in her income tax return.
In this question the price paid by Gwen’s mother for the shares is irrelevant because of her death.
The stock’s fair market value ($20) when Gwen inherited the shares (21st October 2015) is Gwen stepped up value.
Gwen’s gain from selling the shares is:
Gwen inherited the shares on (21st October 2015) and held the shares until (3rd july 2017), so she held the shares for more than one year after inheriting it. So, she will report a long-term capital gain on her income tax return.