1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Tpy6a [65]
3 years ago
15

On November 1, year 1, Jamie (who is single) purchased and moved into her principal residence. In the early part of year 2, Jami

e was laid off from her job. On February 1, year 2, Jamie sold the home at a $45,500 gain. She sold the home because she found a new job in a different state. How much of the gain, if any, may Jamie exclude from her gross income in year 2?Multiple Choice$4,550.$31,250.$45,500.$0.
Business
1 answer:
Deffense [45]3 years ago
7 0

Answer:

correct option is $31,250

Explanation:

given data

home sold gain = $45,500

to find out

gain may Jamie exclude from gross income in year 2

solution

as given November 1 purchase home February 1 sold

so we know here that Maximum exclusion will be

Maximum exclusion = $250,000 × \frac{3}{24}

Maximum exclusion = $31,250

so here $31,250 may Jamie exclude from her gross income in year 2

correct option is $31,250

You might be interested in
Using money to try to make more money is called
nekit [7.7K]
I think its called an investment.
6 0
3 years ago
Read 2 more answers
What are the implications of using criteria, such as baldrige, in assessing organizational culture needs? explain
KIM [24]

The implications of using criteria, such as baldrige, in assessing organizational culture needs to:

-Identify successes and opportunities of organization for improvement.

-Jump and start a new change initiative

-Energize the improvement initiatives

-Energize the workforce by motivating.

-Focus whole organization on common goals

-Assess the performance against the competition

-Align resources with  some strategic objectives

Baldrige self-assessment helps organizations to assess whether they are developing and deploying a good, balanced and systematic approach for running the organization.

No matter the organization is large or small, and no matter your industry or sector, you can use the Baldrige  Criteria to conduct a self-assessment of the organization.

It provides the best way to evaluate how well your organization is meeting its goals and objectives. Organizations use it to evaluate their processes and their impact on results.

To know more about Baldrige criteria here:

brainly.com/question/27960097

#SPJ4

7 0
2 years ago
Can someone PLEASE help me with this. It says every answer I put in is wrong
SIZIF [17.4K]
I can't see the question
4 0
3 years ago
What strategies can you use to remain committed to and on track towards achieving your goals over the next 12 months?
iVinArrow [24]

Answer:

One thing you can do is to keep a journal (or a to-do list) in order to keep track of what you have to do and when

Another thing you can do is somehow reward yourself when you accomplish a goal, making yourself wanting to accomplish more.

The last thing I recommend is to have one of your friends/family members to help you with this as well. Make them encourage you to get done with what you need

Explanation:

4 0
3 years ago
Read 2 more answers
What is the SAT?
anyanavicka [17]

Answer:

an exam to get into college

An SAT is a 160 question test that is taken in high school by seniors to have chances to get into college. You will also have a chance to take the ACT for higher colleges.

8 0
3 years ago
Other questions:
  • People living in rural areas have a victimization rate almost __________ than that of city dwellers.
    6·1 answer
  • What is a trade union?
    6·2 answers
  • Weightman Corporation's net operating income in Year 2 was $76,385, net income before taxes was $55,385, and the net income was
    6·1 answer
  • What is an advantage of mild inflation according to some economists? select one:
    7·1 answer
  • Select all that apply. Which of the following items demonstrate poor choices made by private property owners?
    15·2 answers
  • Which behavior would most offices consider
    8·1 answer
  • Joy is taking out a car loan which she will pay back with interest. Which option will require her to pay the lowest amount in in
    7·1 answer
  • On October 4, 2018, Sheffield Corporation had credit sales transactions of $5400 from merchandise having cost $2800. The entries
    7·1 answer
  • Since institutional investors own a large percentage of shares in many corporations they may have the ability to vote large bloc
    10·1 answer
  • The ________ is the length of time from the point when raw materials are purchased on account to the point when payment is made
    12·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!