Answer:
$60
Explanation:
An individual buys stock at $40 per share. Many years later, the individual dies when the market value is $60. The estate distributes the shares to a beneficiary when the stock is worth $70. Therefore the cost basis to the beneficiary is
The cost basis by definition is usually equal to the fair market value of the property or asset at the time of the decedent's death or when the actual transfer of assets was made.
However for the purpose to be served to reduce the tax due on the inheritance, we have chosen to opt for the fair market value of the property or asset at the time of the decedent's death which is $60
Hi.
I think the answer is the idea of opportunity cost.
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Answer:
Gail would make $6,062.4 after a 2 week and 90 hours job
Answer:
<em>Most definitely, Tony would lose due to the integration clause.</em>
Explanation:
An integration clause <em>requires a short paragraph to be inserted into a written contract to confirm a final deal between two sides.</em>
Since drafting a written contract, it may fail to be fully checked by one of the parties involved to ensure that all provisions are included and that both parties sign the contract, which Tony failed to consider.
If this happens, one party could contend that the other failed to uphold a particular condition or phrase that they consented to verbally.
Answer: c) a free market with limited government regulation of business
Explanation:
Lassez-faire doctrine is a doctrine in an economy system in which government interference is limited or reduced to the minimum. The economic system in a lassez-faire economy is determined by the market forces. Thus, if businesses are allowed to function or operate on their own, compete with one another and so on, production and exchange will be better.
