Answer: $223,000 long-term capital gain.
Explanation:
LEGALLY MARRIED couples who file a JOINT TAX RETURN, selling their Place of PRIMARY RESIDENCE are allowed to reduce by $500,000, their Long-term capital gain.
That means that Mr. and Mrs. Frazier, bless their souls, are allowed to remove $500,000 from the total $723,000 and as such recognize only $223,000 as tax consequence on long-term capital gain.
I guess Uncle Sam likes marriages.
If you need any clarification do react or comment.
The market is up rn depending on what brands you trust and willing to invest in
Answer:
$3,249.80
Explanation:
Time Cash Flow
0 600
1 600
2 600
3 600
4 600
Future Value of this cash flow at the end of year 4 = 600 * ((1+4%)^5 – 1)/4%
Future value = 600 * [(1+0.04)^5 - 1 ] / 0.04
Future value = 600 * (1.04^5 - 1) / 0.04
Future value = 600 * (1.216653 - 1) / 0.04
Future value = 600 * 0.216653/ 0.04
Future value = 600 * 5.416325
Future value = $3249.795
Future value = $3,249.80
Answer:
Corporation
Explanation:
The corporation is a legal business entity that is separated from its owners with respect to the assets and liabilities.
In this business entity, they have the right to received, owned or even transferred the property who are entered into contracts with the other legal entities or with the individuals
In addition, this business entity is to be sued and sued to the individual or other business entities depending upon which entity or individual it is dealing with in the court.
