Answer: $10,000
Explanation:
If you purchase a house and pass the ownership test of having lived in the house for at least 2 years in the past 5, you can exclude $250,000 from the capital gains as a single person.
Lori passes the ownership test and so can claim the tax exclusion.
Capital gain:
= Cash received - Purchase costs
= (575,000 - 35,000) - (250,000 + 5,000 + 25,000)
= $260,000
After claiming exclusion of $250,000
= 260,000 - 250,000
= $10,000
Doc's ribhouse ending equity would be $102,000 if has beginning equity of 79000 and net icome of 23000.
<h3>What is equity?</h3>
Equity is the amount of capital invested or owned by the owner of a company. The equity is evaluated by the difference between liabilities and assets recorded.
Doc's ribhouse beginning equity
= $79,000
Net income
= $23,000
Ending equity
= ?
Ending Equity
= Beginning Equity + Net Income - Dividends
= $79,000 + $2
= $102,000
Hence, Doc's ribhouse ending equity would be $102,000
Learn more about equity here : brainly.com/question/11556132
#SPJ1
Answer:
Option A
Explanation:
The expenditure limit reflects the profits of a customer, so efficiency happens when customers may reach the lowest potential curve of disregard towards their income bracket. In other terms, there will be less use of another product, when more of that item is eaten.
Thus, if we carefully focus then we can realize that the whole point of doing customer optimization is to make sure that customer gets clear about their preferences.
Perception benefits.
Gatorade wants anyone who uses their product and sees their logo to associate it (aka<em> have the perception</em>) that the user is athletic.
Answer:
The answer is
Income inelastic
The chocolate is a normal good.
Explanation:
First lets find the percentage increase or decrease in income and demand.
For income:
($2,200 -$1,800)÷$1,800
=$400÷$1,800
=0.2222 or 22.22%
For the demand
(21cups-19cups)÷19cups
=0.1053 or 10.53.
A 22.22% increase in income leads to 10.53% in demand of hot chocolate. This means it is less proportional. The demand is less sensitive to his income.
The hot chocolate is a normal good. If not an increase in income would have resulted to a lower demand for hot chocolate.
