Answer:
long-term capital gain of $25,000.
Explanation:
Based on the information given the type and amount of capital gain Hart, Jr. Should report on his tax return is A LONG-TERM CAPITAL GAIN OF the amount of $25,000. Calculated as:
Long-term capital gain=Interest sold-Partnership interest fair market value
Let plug in the formula
Long-term capital gain=$85,000-$60,000
Long-term capital gain=$25,000
Therefore Hart, Jr. Should report on his tax return is A LONG-TERM CAPITAL GAIN OF $25,000
Answer:
a type of purchasing contract in which the price of a good or service is tied to the cost of some key input(s) or other economic factors, such as interest rates.
Explanation:
A contract can be defined as an agreement between two or more parties (group of people) which gives rise to a mutual legal obligation or enforceable by law.
There are different types of contract in business and these includes: fixed-price contract, cost-plus contract, bilateral contract, implies contract, unilateral contract, adhesion contract, unconscionable contract, option contract, express contract, cost-based contract, etc.
A cost-based contract is a type of purchasing contract in which the price of a good or service is tied to the cost of some key input(s) or other economic factors, such as interest rates.
Price can be defined as the amount of money that is required to be paid by a buyer (customer) to a seller (producer) in order to acquire goods and services.
In sales and marketing, pricing of products is considered to be an essential element of a business firm's marketing mix because place, promotion and product largely depends on it.
The form used by employers to show how much an employee earned that year and all taxes paid is a W-2.
Therefore option A is correct.
<h3>What is a W-2?</h3>
Form W-2, also known as the Wage and Tax Statement, is the document an employer is required to send to each employee and the Internal Revenue Service (IRS) at the end of the year.
A W-2 reports employees' annual wages and the amount of taxes withheld from their paychecks.
learn more about Form W-2 at brainly.com/question/1530194
#SPJ1
Answer: D
Explanation: One danger of starting a proprietorship is that you may be exposed to personal liability if the business goes bankrupt. This problem would be avoided if you formed a corporation to operate the business
Answer:
c. 108.3
Explanation:
Calculation to determine what The value of the CPI in 2004 was:
Using this formula
Consumer Price Index (CPI) 2004 = (2004 Basket cost / Base year basket cost) x 100
Let plug in the formula
Consumer Price Index (CPI) 2004 = (650 / 600) x 100
Consumer Price Index (CPI) 2004 = 108.3
Therefore The value of the CPI in 2004 was:108.3
