Answer:
Steve and Stephanie Pratt
a. The amount of gain on the sale of the home that the Pratts are required to include in their taxable income is:
= $352,500
b. The amount of gain on the sale of the home that the Pratts are required to include in their taxable income is:
= $352,500
c. The amount of gain on the sale of the home that the Pratts are required to include in their taxable income is:
= $352,500
d. The amount of gain on the sale of the home that the Pratts are required to include in their taxable income is:
= $352,500
Explanation:
a) Data and Calculations:
Initial purchase cost of a home in Spokane = $575,000
Selling price of the home on June 30 of Year 5 = $927,500
Recognized gains = Selling price of the home Minus Initial Purchase Cost
= $352,500 ($927,500 - $575,000)
<span>Under GAAP, cash receipts from interest and dividends are classified as operating activities. Operating activities are the main business activities for the company. The operating activities for the company are manufacturing, distributing, marketing and selling the product or service to consumers. </span>
<span>This is because the tax on a carton of cigarette is about $10plus. It used to be $3plus before the Obama administration and when the cost of tax is added to the sales price, it makes it more expensive for the average consumer, however, black market sellers usually avoid paying taxes thats why it is black market.</span>
Explanation:
The portfolio weight of an asset is the total investment in that asset divided by the total portfolio value. First, we will find the portfolio value, which is:
Total value = 122($32) + 102($22) = $6,148
The portfolio weight for each stock is:
WeightA = 122($32) / $6,148 = .6350
WeightB = 102($22) / $6,148 = .3650
That statement is true
Hospital and health insurance is not a government requirement , which is why companies are not obligated to give it to their employers. In general, only large companies had enough money to provide their workers with hospital and health insurance, while Companies often cut out hospital and health insurance in order to increase their net profit.
