Answer:
$2,000 ordinary gain and $15,000 long term capital gains
Explanation:
Under the installment method, the taxpayer will recognize gains based on the installments that they actually receive, not the whole contract. This method is generally used for real estate transactions that involve installments payments during several years.
In this case, Mr A received $60,000:
$40,000 for inventory, so gain = $40,000 - $38,000 = $2,000 ordinary gain
$20,000 for real property (25% of transaction price) = $20,000 x [($40,000 - $20,000) x 25%] = $20,000 - $5,000 = $15,000 long term capital gains
Rule of law is very important in case of country’s legal system
This means that no one can be regarded to be above the law in a society where the rule of law exists. In a parliamentary democracy, the rule of law places a duty on all citizens to uphold the law, and in order to do so, the legislation must be just and not arbitrary. The goal of the rule of law, like other constitutional concepts, is to advance peoples' freedom and basic rights.
People and corporations must abide by the regulations set forth by the rule of law in order to avoid penalties. The rule of law establishes norms for businesses so that they, too, know what is required of them in their transactions and enables people to comprehend what is expected of them in their personal capacities.
Learn more about rule of law at
brainly.com/question/820417
#SPJ4
Answer: The 1990s
Explanation:
The aim of human relations is to enable the creation of a win-win scenario such that employee needs can be satisfied and organizational objectives can also be achievable.
In the 1990s, employees had more input into management decisions and how they performed their jobs. Also, the use of groups and teams also became popular.
Answer: Accident research covers a very wide field. In this paper different models for accident research are presented; ie the behavioral, the epidemiological and the systems model. Different definitions of accidents are discussed, and particular attention is given to the restrictions on research as implied by the different definitions. A method for near-accident reporting is presented as a way of activating safety work and extending cooperation concerning industrial safety measures. The Dirty Dozen refers to twelve of the most common human error preconditions, or conditions that can act as precursors, to accidents or incidents. These twelve elements influence people to make mistakes.
. Lack of communication
5. Complacency
9. Lack of knowledge
2. Distraction
6. Lack of teamwork
10. Fatigue
3. Lack of resources
7. Pressure
11. Lack of assertiveness
4. Stress
8. Lack of awareness
12. Norms
B.How the Acts can help in this Life - Track Your Time, Determine Your Priorities ,Set Specific Goals ,Schedule Scrupulously,Establish Boundaries .
C. What is Professionalism in the Workplace?
Professionalism has to do with the way a person conducts himself or herself in the workplace. An individual who shows consideration and respect for others demonstrates a commitment to professionalism. Likewise, a person who keeps his or her word, demonstrates loyalty, and exceeds expectations is demonstrating professionalism.
There are four key elements that demonstrate a professional attitude. These are:
Treat other with respect
Keep your word
Be loyal
Exceed expectations
Explanation:
Provide Labor And Buy Goods
