A major focus of the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA) was to identify and suppress discrimination against neighborhoods on the basis of demographics, a practice called Community reinvestment act.
<h3>What is community reinvestment act?</h3>
This is an Act passed in to law to help reduce that discrimination that often occur among the low income individual and the high class individual in a particular environment.
Therefore, A major focus of the Home Mortgage Disclosure Act (HMDA) and the Community Reinvestment Act (CRA) was to identify and suppress discrimination against neighborhoods on the basis of demographics, a practice called Community reinvestment act.
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Answer:
A
Explanation:
Leasing a house is the other name for renting a house which is preferably far more better for a person or a family who is planning to live there for a short period of time. A lessor is a person who gives his property on rent to the lessee. It is a way through which the person taking the house on rent is relieved from incurring cost on the repairs if required as the responsibility solely belongs to the owner of the house that is the lessor. People prefering leasing over buying a property is always ready to bear the increase in the costs of rent which is far more lesser than spending money or saving money for the down payment for buying a house. Moreover the person leasing the house only gets the ownership of the house under a contractual basis where they dont have the right to sell the property taken on lease.
The group or organization matchup is given below;
- Non-state actor - terrorist.
- International Organization -World Trade Organization, United Nations.
- Nation-state - Canada.
<h3>What is a Nation state?</h3>
The term nation-state is known to be a any country that is territorially held together as a sovereign state.
Note that in this kind of country, it is one that is governed in the name of a community of its own people who identify or see themselves as a nation.
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Match the group or organization on the left with its correct category on the right.
non-state actor:
terrorist
International Organization:
World Trade Organization,
United Nations
nation-state: Canada
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Answer:
option (b) $55,000
Explanation:
Data provided in the question:
Cash distributed = $15,000
Fair market value of the land = $50,000
Inside basis at the time of the distribution = $52,000
Gupta's outside basis = $70,000
Now,
Gupta's Outside basis = Cash + Basis in land
or
$70,000 = $15,000 + Basis in land
or
Basis in land = $70,000 - $15,000
or
Basis in land = $55,000
Hence,
The answer is option (b) $55,000