Answer:
profit to be taxable will be $300,000
Step-by-step explanation:
Matt home cost = $150,000
Matt sold his home for = $450,000
so,
cost price will be $150,000
selling price will be $450,000
profit = selling price - cost price
profit = $450,000 - $150,000
profit = $300,000
hence the taxable amount for his home this year will be $300,000
x>7
x-3>4
Add 3 to both sides
Hope it helped!
5/8
9514 1404 393
Let x represent the amount invested at 14%. Then 5000-x is the amount invested at 9%. The interest earned is ...
(14%)x +(9%)(5000 -x) = 460
0.05x +450 = 460 . . . . . . . . . . simplify
0.05x = 10 . . . . . . . . . . . . . . subtract 450
x = 200 . . . . . . . . . . . . . . divide by 0.05
5000-x = 5000-200 = 4800
$200 was invested at 14%; $4800 was invested at 9%.
