This is false, you have to put your personal life aside due to the fact that it is business. hope this helps, have an amazing day :)<span />
Capital is one of the
three primary factors of production. Others are land and labor. Capital or
capital goods can be consumable ones, but it is better if they are left unused,
where there will be more supply available for a subsequent time. Also, anything
that can help the owner to do efficient work is called capital. An example for
this is a machine in a factory that can help the owner of the business do work
faster and gain more income-producing goods.
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Answer:
The answer is: A) Ordinary income of $45,000.
Explanation:
The $45,000 the lessor collected from the lessee (his tenant) should be included as ordinary income.
IRS Internal Revenue Code Section 10. b. 1. establishes that payments received by a lessor for the cancellation of a lease are considering ordinary income.
Alyssa could simply have put down more cash than Steven did when they respectively bought their houses. Also different financial institutions have different policies, so based on that principal Steven could be taking out a mortgage loan from an institution with insanely high interest rates, etc.
Loans and interest ability is what I’m assuming.