<span>Joe's business is most likely a type of sole proprietorship. Sole proprietorships are usually ran by one person who accounts for all of the business expenses as part of their personal taxes so there is no difference between personal and business. This form of business also does not need to file any paperwork with the state. The owner just needs a business license.</span>
Answer:
Edward can deduct his $7,000 loss from his adjusted gross income (AGI). Partnerships are investments that you make regardless of whether you work for them or not. One of the key characteristics of partnerships is that they are not taxed as separate entities, they pass-through their income or losses to the partners.
Answer:
Real property consists of the land, land rights, and anything permanently attached to the land, while real estate consists of a structure attached to the land
Explanation:
Real estate refers to land that has a physical existence and the resources, structures are attached to it also it expands with respect to the rights of ownership and usage
While on the other hand the real property comprises fo land, rights of the land, and the thing that is permanently attached with respect to the land
Therefore the last second option is correct
Physician
Surgeon
Professor
Scientist
Answer:
(a) In case when Appraisal Department has excess capacity then minimum transfer will be:
($130.21 - $7.82) = $122.39
Minimum Transfer Price = $122.39
(b) In case when Appraisal Department has no excess capacity then minimum transfer price will be:
($130.21 - $7.82) + ($163 - $130.21) = $155.18
Minimum Transfer Price = $155.18
(c) No, the management should not force to charge the Home- Loan department only $150.42.
