Answer:
B. The cost of utilities is deductible for AGI
Explanation:
The entire cost of the utilities would be for AGI deduction assuming no personal use of the condo. The employer portion of Marilyn's self-employment tax would be deductible as well.
Adjusted gross income (AGI) is a measure of income calculated from your gross income and used to determine how much of your income is taxable. It is the starting point for calculating a filer's tax bill in the United States and, among other things, is the basis for many deductions and credits. When filing your taxes online—as about 80% of filers do—the software you use will calculate your AGI for you.
Answer:
$64.76
Explanation:
The current share price can be determined by calculating the present value of the dividend
Present value is the sum of discounted cash flows
Present value can be calculated using a financial calculator
Cash flow from year 1 to 13 = 9.45
I = 10.7
PV = 64.76
To find the PV using a financial calculator:
1. Input the cash flow values by pressing the CF button. After inputting the value, press enter and the arrow facing a downward direction.
2. after inputting all the cash flows, press the NPV button, input the value for I, press enter and the arrow facing a downward direction.
3. Press compute
These results are evidence of
"<span>
the endowment effect".</span>
The endowment effect<span>, in behavioral finance<span>, portrays a situation in which an individual qualities
something that they officially possess more than something that they don't yet
claim. Studies have indicated over and again that individuals will esteem
something that they effectively claim more to a comparable thing they don't
possess. It doesn't make a difference if the thing being referred to was bought
or gotten as a gift, the impact still stays.</span></span>
Answer:
False
Explanation:
§ 351 establishes that businesses shall not recognize any capital gain or loss from property transferred to them in exchange of stocks or partnership share. So the businesses have to record this type of transactions at their fair market value and not their tax basis.
