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madreJ [45]
3 years ago
5

Larry owned and lived in a home for five years before marrying Darlene. Larry and Darlene lived in the home for one year before

selling it at a $600,000 gain. Larry was the sole owner of the residence until it was sold. How much of the gain may Larry and Darlene exclude?
Business
1 answer:
Paraphin [41]3 years ago
3 0

Answer:

answer 100k (:

Explanation:

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A broker was paid a commission of 6% of the first $120,000 of a sale price and 4% of all over $120,000. What would the sale pric
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The sale price be if the total commission was $9,000 would be $165000.

<h3><u>What is commission?</u></h3>
  • A type of variable-pay compensation for goods or services sold are commissions.
  • Salespeople are frequently encouraged and rewarded with commissions.
  • Additionally, commissions can be created to promote particular sales habits.
  • For instance, commissions may be decreased while providing significant discounts.
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  • The framework of a sales incentive programme, which may comprise one or more commission plans, is where commissions are normally administered (each typically based on a combination of territory, position, or products).
  • As a strategy for businesses to try to realign employee interests with those of the company, payments are sometimes calculated as a proportion of revenue.

The broker's 6% commission came to $7,200 (.06 x $120,000). Subtracted from the total commission of $9,000, it leaves an additional balance of $1,800.

Since that portion was paid at the rate of 4%, dividing $1,800 by .04 yields the home's second cost component of $45,000. Add that to $120,000 and the home's total selling price was $165,000.

Know more about commission with the help of the given link:

brainly.com/question/20987196

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?in order to receive customers' feedback on the company's latest product, the marketing managers of havtol inc., a food products
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Consider the market for plastic deck chairs. Suppose many families go on a barbecue binge and buy new barbecue grills to use out
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I think it might be c

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Despite ongoing debates about the appropriateness of macroeconomic policies, many macroeconomists have reached a modern consensu
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Answer

The answer and procedures of the exercise are attached in the following archives.

Explanation  

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