Answer:
That is $2,000 loss
Explanation:
After the hurricane Oscar received $140,000 for his loss, the adjusted basis for his property was $130,000 so he had a gain of 140,000- 130,000=$10,000.
According to Sec. 1033(a)(2) since the new property that was built (the replacement) was similar we will recognise the amount received from the insurance company ($140,000) to the extent that it pays for the replacement property.
That is
Gain or loss = amount paid by insurance company- cost of replacement property
Gain or loss= 140,000- 142,000
Gain or loss= -$2,000
That is $2,000 loss
(A)Consumption Tax is the answer.........
Answer:
Option C, SAME WEIGHTS
Explanation:
A hazard is any source of potential damage, harm or adverse health effects on something or someone.
Risk assessment is a framework that uses hazard category as a starting point for evaluating risks. Risk assessment can be used in any situation where death, system loss, or property, equipment or environmental damage is a concern.
Experts use different risk assessment methods and approaches. Technical experts assign same weights to different ways of dying so they assign equal weights to hazards that take many lives at one time and to hazards that many lives at once.
Therefore, the answer that best suits the question is option C. Experts tend to assign the SAME WEIGHTS to hazards that take many lives at once as they do to hazards that take many lives one at a time.
Answer:
Therefore after 5 year the balance in the stock market is $ 352.47.
Explanation:
Exponential growth formula :
y= Final amount
a= initial amount
r= rate of growth
t= time
Given that,
The deposit amount = $200
Rate of interest (r)=12%=0.12
Time (t)=5 years
=$352.47
Therefore after 5 year the balance in the stock market is $ 352.47.
