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k0ka [10]
3 years ago
11

Peyton contributes property to a corporation in exchange for its stock with a fair market value of $100,000. This transaction qu

alifies as a tax-free exchange, allowing Peyton to defer a $40,000 gain. What is Peyton's basis in the stock
Business
1 answer:
Orlov [11]3 years ago
4 0

Answer:

Peyton's basis in the stock is $60,000

Explanation:

The transaction is a tax- free exchange which means that the transaction is exempt from any income taxation.

To find out the Peyton's basis in the stock we will Subtract the Fair-market value of the transferred property to the Deferred gain.

= 100,000 – 40,000

= $60,000

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Answer:

The correct answer is option d.

Explanation:

The marginal benefit of another T-shirt is $15. The price of the T-shirt is $10.  

The marginal cost is equal to the price, so it is also $10.  

The marginal benefit earned from the T-shirt is greater than the marginal cost incurred on a T-shirt.  

According to economic reasoning, it is profitable to buy another T-shirt. So, Mary will buy another T-shirt this month.

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4 years ago
Melissa is a salaried employee who earns roughly the same amount in every paycheck. Why would it be a great idea for her to set
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It will be a good idea to set up an automatic transfer every pay period because its prevents anyone from forgetting to pay yourself first as well as preventing to spend the said money.

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In conclusion, the automatic transfer is very effective in maintaining a strict saving culture because its prevent the spending of disposable income.

Read more about automatic transfer

<em>brainly.com/question/24179665</em>

3 0
2 years ago
Which skills does Joseph demonstrate in this example? Joseph works as a school superintendent. He has realized that technologica
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He’s a good researcher, reader, hard worker.
7 0
3 years ago
Cynthia requested a two-week leave from her employer to go on a religious pilgrimage. The pilgrimage was not a requirement of he
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Answer:

For Cynthia

No, it is not a sincerely held belief and does not take place of religion

For the UPS Jehovah Witness employee

Yes, no reasonable good-faith accommodation was made.

Explanation:

Title VII is also called the Civil Rights Act of 1964. It outlaws any form of discrimination in the grounds or race, religion, color, sex, country of origin, and sexual orientations.

In this scenario Cynthia's pilgrimage was not a requirement of her religion, but Cynthia felt it was a "calling from God." So it does not violate Title VII because it is not a sincerely held belief and cannot be classified as religion.

However in the case of the Jehovah Witness employee he wanted to attend a annual religious service. His request was rejected and his employment terminated.

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In calculating GDP, governmental transfer payments, such as social security or unemployment compensation, are:________. A) not c
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Answer:

A) Not Counted

Explanation:

8 0
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