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Solnce55 [7]
3 years ago
14

Lolita and Larry are thinking about adding to their family next year. If Larry and Lolita do have a child, Lolita plans to be a

stay-at-home mom. Larry is concerned about what will happen to their tax situation when Lolita stops working. One issue, in particular, that Larry and Lolita would like to discuss with their financial planner is whether they should sell the United Motor Company stock this year or wait until next year. What is the best recommendation given their current and project income tax situation
Business
1 answer:
Diano4ka-milaya [45]3 years ago
7 0

Answer:

Check the explanation

Explanation:

Going by the question, the best recommendation is that they should sell the stock this year even as they are in the 25% marginal tax category since this will lead to a larger overall income tax savings than waiting and selling it at the point when they will be in a lower marginal income tax bracket.

By doing so, a better profit from the stock will be guaranteed.

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A representative meets a potential client at a convention. The client is interested in an investment giving life-long income, an
Gwar [14]

Answer:

The representative should talk to the manager to determine if there was a Know Your Customer violation

Explanation:

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3 years ago
What is not an example of money?
melamori03 [73]
B. credit because credit is just how well you pay bills
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3 years ago
How much time will be needed for 35,000 to grow to 44,622.09 if deposited at 7% compounded quarterly
Vlad [161]

Answer:

It will take 14 quarters (3.5 years) to reach $44,622.09 from $35,000 at an interest rate of 7% compounded quarterly.

Explanation:

Giving the following information:

PV= 35,000

FV= 44,622.09

i= 0.07/4= 0.0175

We need to calculate the number of quarters required to reach the objective. We will use the following formula:

n= ln(FV/PV) / ln(1+i)

n= ln(44,622.09/35,000) / ln(1.0175)

n= 14

It will take 14 quarters (3.5 years) to reach $44,622.09 from $35,000 at an interest rate of 7% compounded quarterly.

8 0
3 years ago
Shontelle owns an apartment house that has an adjusted basis of $760,000 but is subject to a mortgage of $192,000. She transfers
emmainna [20.7K]

Answer:

Realized gain of Shontelle = $332000

Explanation:

given data

adjusted basis = $760,000

mortgage = $192,000

receives cash = $120,000

fair market value = $780,000

to find out

What is Shontelle realized gain or loss

solution

we find here first Realized gain that is express as

Realized gain = Amount realized - Adjusted basis     ..................1

so here Amount realized = (receives cash  + fair market value + mortgage)

Amount realized = (120000 + 780000 + 192000)

Amount realized = 1092000

so from equation 1

Realized gain = Amount realized - Adjusted basis  

Realized gain = 1092000 - 760000

Realized gain =  $332000

so we can say that

Realized gain of Shontelle = $332000

3 0
3 years ago
When countries such as the U.S. promote production of domestic​ cotton, developing countries that produce cotton are hurt.​ Why?
uysha [10]

Answer:

Explanation:

They are hurt because cotton is one of their exports and a developing nations needs to be able to make money from them so if a big country takes away one of their main exports it will hurt their economy.

5 0
3 years ago
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