Most likley B but it could be A, 50/50 on this one, its def not C or D.
Answer:
<em>Sara sold 30 stoves and Susie sold 150 stoves.</em>
Explanation:
<em>5x + x = 180</em>
<em>6x = 180</em>
<em>6x ÷ 6 = 180 ÷ 6</em>
<em>x = 30 (stoves ) - Cara sold.</em>
<em>30 × 5 = 150 (stoves ) - Susie sold.</em>
Answer:
Which party to the exchange must pay boot to make the exchange work?
- Rufus must pay boot since the FMV of its property is less than the FMV of Hardy's property.
How much boot must be paid?
- $90,000 - $77,500 = $12,500
Assuming the boot payment is made, how much gain or loss will Rufus realize and recognize on the exchange, and what tax basis will Rufus take in the property acquired?
- Rufus doesn't have any gain, and the tax basis for the new asset will be $50,000 + $12,500 = $62,500
Assuming the boot payment is made, how much gain or loss will Hardy realize and recognize on the exchange and what tax basis will Hardy take in the property acquired?
- Since Hardy's property basis is $60,000 and it would be receiving $50,000 (Rufus's property) + $12,500 = $62,500, then it must recognize a $2,500 gain. The basis of Hardy's new property will be $62,500.
Answer:
a) bachelor’s degree then a master’s degree
Answer:
When a taxpayer disposes of the entire interest in a passive activity, that activity is no longer subject to the passive activity rules. If the activity is disposed of in a fully taxable (as opposed to tax-deferred) transaction to an unrelated party, both current and suspended passive activity losses generated by that activity (as well as any loss on the disposition) can be deducted.