<span>GDP per capita is not a good measure of the standard of living because there is no attention paid to the price level in GDP per capita. For example, your GDP could be really high such as in places like Japan(largest economy in the world at the moment) so their GDP per capita is high. However, their cost of living is also very high(due to lack of land area) leading to a low standard of living.</span>
Answer:
4000$ ordinary income
Explanation:
If more than 50% of the capital or profits interests is owned, directly or indirectly, by the partner, then the gain upon the sale or exchange of property between them shall be considered as ordinary income. Kaye owned 85% of the capital and profits interest of the partnership, so her $4,000 ( $6,000 - $2,000) gain is characterized as ordinary income.
Answer: Read the following Scenario. Remembering what we learned about writing for your reader; create the documents for this situation. Use a letter format for letters and a memo format for a memo. This assignment requires sending unfavorable news. Keep in mind that each of the parties you are writing have different interests and your letters should be adjusted to give them what they need to know. In some situations it is best not to share all the information. Think about your readers as you compose. Your employer has always provided free child care to all employees with children ages 3 months to 5 years. For its 50 years of operation, the company has taken great pride in being a family-friendly employer. Tough economic times for the industry and rising costs of operation for the child care center, however, now require that the company begin charging parents $100 per month per child for the services of the child care center. According to the president of the company it was either that or freeze wages for all employees or lower the already slim dividend paid to the company’s stockholders and risk a loss of investors. The president of the company directs you to write three letters regarding this important change: one to parents using the child care center, one to all employees, and one to the stockholders. Note that parents will also receive the letter addressed to employees. Note also that some employees are also stockholders. The president recognizes the sensitivity of this policy change and thus will also expect from you a memo justifying the variations you made in the three letters. Make sure you have three letters and one memo. Make up addresses and/