Answer:C
Explanation:
Contributions are not deductible and qualified educational expense distributions are taxable
Answer:
$5,000 realized, but not recognized loss
Explanation:
Based on the above information given we were told that two years earlier She purchased some shares for the amount of $15,000 in which in order for her to offset few of her gains she sells those 100 shares of Bear Corporation for the amount of $10,000 making her to REALIZED the amount of $5,000 ($15,000-$10,000) reason been that a loss will be realized instantly in a situation were an assets is sold out for a loss.
Therefore the tax consequences to Andrea this year will be the amount of $5,000 Realized, but not recognized loss.
Answer:
The expected real interest rate on the loan is 5%.Suppose that when Sally pays back the loan after one year, the actual inflation rate turns out to be 2%. The actual real interest rate on the loan is 8%.
a. If the inflation rate turned out to be higher than expected, then: the real interest rate would be lower than expected.
b. But if inflation turned out to be lower than expected, then: the real interest rate would be higher than expected.
Explanation:
Expected real interest rate = nominal interest rate - expected inflation = 10% - 5% = 5%
Actual interest rate = nominal interest rate - actual inflation rate = 10% - 2% = 8%
no offense but you kinda just spelled it
