Answer:
a. Partnership XYZ's recognized gain (loss)
- recognized gain = fair market value - basis = $180,000 - $50,000 = $130,000
b. Bob's taxable gain (income)
- Bob's taxable income = $130,000 x 50% = $65,000
c. Bob's basis in the property
- Bob's new basis = $180,00 x 50% = $90,000
d. Bob's basis in the partnership
- Bob's basis in the partnership = $40,000 + $65,000 = $105,000
In this scenario the type of tax his tenants pay is called Indirect tax
Answer:
$1,000 and $30
Explanation:
We assume the market price or face value be $1,000
And the given coupon rate is 6% which is paid on semi annually basis
So, the interest payment is
= Market price or face value × coupon rate ÷ 2
= $1,000 × 6% ÷ 2
= $30
In the semi annual basis, the rate is half and the time is doubles and the same is applied above
Wideload, Inc, makes, sells, and leases trucks, trailers, and other moving and hauling equipment for consumer use. Verna files a product liability suit against Wideload, alleging a design defect. In deciding whether to hold the maker liable, the court may consider: The expectations of the ordinary consumer.
<h3><u>
Explanation:</u></h3>
The disputes that are related to any legal sections regarding the liability of the products are subjected to a consumer expectations test. The main purpose of the conduction of this test is to ensure that the product is properly manufactured and the defectiveness in the warning information of that particular product.
A product will be concluded to be defective under this test when a consumer finds that the product is defective. In the given example, Verna files a product liability suit against Wideload, regarding the defects associated with the design. Thus, the court may consider The expectations of the ordinary consumer for making it liable.
A disadvantage of the corporate form of organization is the tax treatment.
<h3>
What is the tax treatment?</h3>
- Tax Structure refers to any fact that may be pertinent to comprehending the alleged or claimed Federal income tax treatment of the transaction.
- Tax Treatment refers to the asserted or claimed Federal income tax treatment of the transaction.
<h3>What is the transfer of ownership?</h3>
- An agreement is known as a "transfer of ownership" is used to legally transfer ownership of goods sold by one person (the Seller) to the buyer (the Buyer).
- These contracts can be used to sell products, businesses, cars, or even real estate.
<h3>What is professional management?</h3>
- Professional management is the process by which the program designs, organizes, approves, and monitors the execution of the care plan.
Therefore, a disadvantage of the corporate form of organization is the tax treatment.
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