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liq [111]
3 years ago
15

George and Barbara moved from Washington, D.C. to Texas where they purchased a new house for $1,000,000. They had lived in their

old house for 8 years before selling it for $800,000. They had purchased it for $400,000. What is George and Barbara's taxable gain and what is their basis in their new house
Business
1 answer:
kozerog [31]3 years ago
6 0

Answer:George and barbara's taxable gain=$400000

Explanation: taxable gain= sale price - purchase price

Sale price price = $800,000

Purchase price = $400,000

Taxable gain= $800000-$400000=$400000

Taxable gain for old house =$400000

Selling price for the new house(basis) = $1000000+$400000=$1400000

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A multidomestic strategy is an international marketing approach. This approach focuses more on advertising and commerical efforts rather than gaining the global support from consumers. They focus their product and adjust it to the country they're in rather than just globally at once.

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Martin wants to provide money in his will for an annual bequest to whichever of his living relatives is oldest. That bequest wil
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Answer:

$16,667

Explanation:

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3 years ago
34+33n=15v. what is thirty-four plus thirty-three n equal fifteen v???
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4 0
3 years ago
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2 years ago
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Answer:

attached

Explanation:

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4 years ago
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