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dybincka [34]
4 years ago
7

On November 1, Ashton sells her interest in XYZ partnership to Wayne for $200,000 cash and a release of liability of $30,000. As

hton’s basis at the beginning of the year was $125,000 (including the $30,000 of liability). Ashton’s share of income through November 1 was $45,000, and she received a $15,000 cash distribution earlier in the year. What are the tax consequences to Ashton of the sale of her partnership interest?
Business
1 answer:
polet [3.4K]4 years ago
3 0

Answer:

$75,000 capital gain

Explanation:

Ashton’s basis at sales = Beginning basis + Share of income - Sash distribution = $125,000 + $45,000 - $15,000 = $155,000.

Capital gains (loss) = Sales proceed + Liability - Basis at sales = $200,000 + $30,000 - $155,000 = $75,000 gain.

Therefore, t he tax consequences to Ashton of the sale of her partnership interest is a capital gain of $75,000.

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alex41 [277]
Formula for the monthly payment:
M = P * r * ( 1 + r )^n / (( 1 + r )^n + 1 )
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M = 100,000 * 0.01 * ( 1 + 0.01 )^60 / (( 1 + 0.01 )^60 + 1 ) =
= 1,000 * ( 1.01 )^60 / (( 1.01 )^60 + 1 ) =
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The monthly payment is $2,224.44.
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3 years ago
Five employees on the production line working together determine which person is performing which​ tasks, who becomes a member o
irga5000 [103]

Answer:

self-managed

Explanation:

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4 years ago
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makkiz [27]

Answer:

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The Second reason they are willing to pay so much less or lower is because the expected value will rarely reach over $10 because player would have to make it to the 5th flip in order to recoup their investment in which most of the players are unwilling and ready to take that risk.

Explanation:

Saint Petersburg Gambles

The first reason why people are willing to pay so much less or lower than the expected value is due to the uncertainty of flipping a heads. Heads may never be flipped.

The Second reason they are willing to pay so much less or lower is because the expected value will rarely reach over $10 because player would have to make it to the 5th flip in order to recoup their investment in which most of the players are unwilling and ready to take that risk.

8 0
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8 0
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