Answer:
The answer is: B) $175
Explanation:
Caroline made an income of $500 from this transaction and it should be taxed at ordinary income rate (35%).
Caroline´s taxes = $500 x 35% = $175
In order for Caroline to be taxed at 15% (capital gains rate) she should have sold a capital asset that she had owned for more than one year, but in this case she didn´t sell any stock.
The franchisor is a party granting rights.
Answer: residual value (or salvage value)
Explanation:
Answer:
1.Financial transaction
2.Financial transaction
3.non-financial transaction
4.non-financial transaction
5.Financial transaction