Answer: $50,000
Explanation:
To calculate David's basis in S corporation we subtract the value of the land at it's current value from his basis in S corporation stock of $270,000 on the distribution date.
We will then add his portion of the capital gain on the land because all shareholders shared it equally and as such it should increase his basis as it did theirs.
Calculating then we have,
= 270,000 - 240,000 + 20,000
= $50,000
David's basis in the S corporation becomes $50,000.
It is called Poverty threshold. The poverty thresholds are the first form of the government neediness measure. They are refreshed every year by the Census Bureau. The limits are utilized fundamentally for measurable purposes — for example, getting ready evaluations of the quantity of Americans in destitution every year.
Answer:
Excess reserves
Explanation:
Money supply in the economy is regulated by the central bank of Federal Reserve through various methods.
One of them is the use of reserve ratio.
Reserve ratio is the percentage of total deposit in a bank that commercial banks are required to keep aside and not use.
If there is no excess reserves and the Fed lowers required reserve ratio, it means banks will now have more money they can use to service customers.
The excess excess of the reserve can now the used to give out loans
Answer:
Explanation:Explanation is
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Elastic demand that can also be called demand elasticity refers to how responsive the demand for this brand of apple juice is by change of prices and consumer income. if they sell out a higher amount of apple juice from customers than usual, then they’d probably sell it for a higher price.
