Answer:
More Leisure time
Explanation:
When an individual retires he gets more free time which is referred to as leisure time where you dont have to work. and you can use this to experience life and adventures.
Answer:
The associations between mental and physical health are: Poor mental health is a risk factor for chronic physical conditions. People with serious mental health conditions are at high risk of experiencing chronic physical conditions. People with chronic physical conditions are at risk of developing poor mental health.
Explanation:
Answer:
a. Determine Gerald’s adjusted basis for the land and building.
Gerald's adjusted basis for gains:
- Land = $40,000
- Building = $110,000
Gerald's adjusted basis for loss:
- Land = $35,000
- Building = $90,000
The higher the basis, capital gains will be lower. But a lower adjusted basis for loss also decreases the amount of capital losses that can be reported if the asset is sold at a lower price.
b. Assume instead that the fair market value of the land was $87,000 and that of the building was $120,000. Determine Gerald’s adjusted basis for the land and building.
Since the fair market value of the gift is higher than the adjusted basis, then Gerald's adjusted basis will be equal to the FMV (for gains or losses):
- Land = $87,000
- Building = $120,000