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Svetach [21]
3 years ago
9

g sold their home (sales price $960,000; cost $260,000). All closing costs were paid by the buyer. Mitch and Michelle owned and

lived in their home for 18 months. Assuming no unusual or hardship circumstances apply, how much of the gain is included in gross income
Business
1 answer:
Llana [10]3 years ago
5 0

Answer:

$700,000

Explanation:

Data provided in the question

Sales price of the home = $960,000

Cost price of the home = $260,000

Based on the above information,

The computation of the amount of gain included in gross income is shown below:

= Selling price of the home - cost price of the home

= $960,000 - $260,000

= $700,000

Hence, the amount of gain i.e $700,000 is included in the gross income

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B) they do not have a need for the products or services her company is offering

Explanation:

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3 years ago
A product whose demand rises when income rises, and vise versa, is a __​
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Answer:

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Hope this helps! Have a good day!

7 0
1 year ago
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B. may incorporate in any state it chooses.

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3 years ago
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Anika [276]

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Help please
dimaraw [331]
Your answer is going to be B.
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3 years ago
Read 2 more answers
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