<span>Because this couple is stated to have three small children I am assuming that Alan and Laura are under 50 years old. The annual maximum contribution for 2017 allowed is 5,500 for people under 50. They are allowed up to 1,000 as a catch up contribution as well if they are in fact over fifty.</span>
Your answer to your question is b
Usually deposits go to making loans
Answer:
Sweeny’s gain on sale is a 125,000 and it is a capital gain.
Jana’s adjusted basis is 225,000 for her LLC Interest.
Explanation:
Hope that helps :)