Answer:
$3,750
Explanation:
Capital Gain tax is paid on the sale property value. According to tax rule if you sale your residence building the first $250,000 is exempt from the tax and the amount above this value will be taxed using rate of 15%.
Total Amount of Gain = $275,000
Amount Exempted = $250,000
Taxable value = $275,000 - $250,000 = $25,000
Tax value = $25,000 x 15%= $3,750
Answer:
b. Speedyland will double its GDP 21 years quicker than Slowland.
Explanation:
According to the rule of 70, it tells about the number of years to double
For Slowlands
= 70 ÷ 2
= 35
For speedyland
= 70 ÷ 5
= 14
So if we take the difference than it comes
= 35 - 14
= 21
Hence, the correct option is b and the same is to be considered
And all other options are wrong
Answer:
The answer is $115,000
Explanation:
Solution
Given that:
Property sold =$140,000
Adjusted basis = $255,000
The buyer paid =$148,000
Mortgage on reality =$107,000
The next step is to find Mr Beck realized gain or loss on sale
Thus
Sale value =$140,000
Adjusted basis =$255,000
140,00 + 255,000 = $115000
Therefore Mr beck realized gain or loss on sale is $115,000
This correlation means that: AS THE NEED FOR SOCIAL APPROVAL INCREASES, THE DIVORCE RATE DECREASES.
In negative correlation, the two measures that are been considered usually have inverse relationship between them, that is, as one is increasing, the other one will be decreasing.
