Answer:
This case has similarities to the instances of Cesarini v. the US, 296 F.Supp. 3 (N.D. Ohio 1969), is a noteworthy case decided by the U.S. Locale Court for the Northern District of Ohio, where the court decided that treasure trove property is remembered for net salary for the assessment year when it was found.
A. TAX RESEARCH ISSUES :
1. Regardless of whether charges on the monies were due in the year the piano was bought or in the year the monies were found?
2. Regardless of whether the monies found in the piano are includable as gross income of the parties?
3. Regardless of whether offended parties are qualified for capital gains treatment?
B. Keywords:
- Monies found
- Cesarini v. United States
- Treasure
- Piano
- 26 U.S. Code § 102
- Gross Income
- Gift
Answer:
$950
Explanation:
Since the total amount of items purchased by the thief is $950, then Brandon has to pay back the amount deducted from his card.
When plumbers from a local union stopped working during negotiations, management hired replacement plumbers so the effects on their business would be lessened. These replacement plumbers are called strikebreakers.
Answer:
We can use the present value of an annuity formula to determine the annual distribution. I'm assuming that your distributions will be made in a similar manner to an annuity due (the first payment happens when you retire).
annual distribution = principal balance / PV annuity factor
- principal balance = $2,000,000
- PV factor annuity due, 8%, 15 periods = 9.24424
annual distribution = $2,000,000 / 9.24424 = $216,350.94
if instead, the first distribution is received at the end of the first year of retirement, then the annual distribution will be:
annual distribution = principal balance / PV annuity factor
- principal balance = $2,000,000
- PV factor ordinary annuity, 8%, 15 periods = 8.55948
annual distribution = $2,000,000 / 8.55948 = $233,659.05
Answer:
what is the best business structure for continuity and transferability
Explanation:
Sanjay is looking towards beginning a new company. His plans are for his children to take over the company when they are adults in the future.
The most important question he has to consider in this establishment, is one whose answer can provide with the best business entity/structure that would still stand in the future and whose ownership can be handed over to his children In the future.
