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Butoxors [25]
3 years ago
14

Jerry bought his home 15 years ago for $60,000. Three years ago, Jerry married Debbie and she moved into the same house and has

lived there since. If they sell Jerry's house in the current year for $340,000, what is their taxable gain on a joint tax return?
$0
$30,000
$280,000
$155,000
Business
1 answer:
AnnyKZ [126]3 years ago
4 0

Answer:

The correct answer to the following question is option A) $0

Explanation:

Given information  -

House bought 15 years ago by Jerry at - $60,000

Jerry and her wife Debbie sold the house for - $340,000

The realized gain for Jerry and Debbie on the sale of house - $280,000 ( $340,000 - $60,000 )

Jerry and Debbie wants to file joint tax return , and they are allowed an exclusion up to $500,000. Which means if the amount of gain doesn't exceed $500,000, then they won't have to pay tax on this gain.

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The amount of effort that you put into your courses increases the marginal

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Marginal cost refers to the incremental cost which is accrued as a result of

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In this scenario, amount of effort put into courses entails more time and

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Read more about Marginal cost here brainly.com/question/16615264

4 0
3 years ago
You purchased 100 shares of common stock on margin at $60 per share. Assume the initial margin is 60% and the stock pays no divi
Vika [28.1K]

Answer:

The answer is 0.46

Explanation:

Firstly, 100shares x $60 x0.6

=$3,600

Step 2:

$3,600 x 0.6

=$2,160

Step 3:

100 x $40 - $2,169/100 x$40

$4,000 - $2,160/$4,000

$1,840/$4,000

0.46

5 0
3 years ago
On a hot summer day, a construction worker enters a mcdonald's fast-food restaurant. he orders the first big mac. he consumes it
sergij07 [2.7K]
In the situation above, the construction worker could be described or has experienced a diminishing marginal utility. The diminishing marginal utility happens when an individual has consumed a lot of product or in other words, has an increase of product consumption in the same time the person has a constant consumed on other products. If this happens, there will be a decrease in marginal utility, causing the diminishing marginal utility which has happened in the situation above.
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3 years ago
When Jason filled out his application his statements had to be ______________ to be considered legal.
Verizon [17]

Answer:

Representations

Explanation:

When Jason filled out his application his statements had to be representations  to be considered legal.

To fill application and to represent application it must be considered legal.

5 0
4 years ago
Edwin is the HR manager at a customer care unit with approximately 1,000 employees. He wants to statistically analyze the servic
Gre4nikov [31]

Full Question:

Edwin is the HR manager at a customer care unit with approximately 1,000 employees. He wants to statistically analyze the service data to make the recruitment process more effective by identifying desirable and undesirable qualities of employees. Edwin observes a high positive correlation between the employees' ability to adapt and the turnaround time. However, he decides to avoid using this criterion when recruiting employees. Which of the following, if true, would MOST strengthen this decision to avoid the criterion

A) The statistical significance of the correlation was found to be sixty percent.

B) Another trait, honesty, had a higher correlation coefficient than employees' ability to adapt.

C) The sample size used by Edwin was significantly larger than what was required.

D) Multiple regressions were observed among the variables used for the analysis.

Answer:

The correct answer here is A)

Explanation:

The key to decision making using statistical research is <em>Statistical Significance.  </em>This means that a statistically significant observation is probably true. In this case, the statistical significance of his findings is 60%.

Cheers!

7 0
3 years ago
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