168,000 is amount of the gain is Ethan allowed to exclude from his gross income
Solution:
Ethan's post 2009 non-qualified use is 2 years.
He owned the property for 10 years so he is not allowed to exclude 20% of the gain
= $210,000 × 20% = $42,000
He is allowed to exclude = ($210,000 - $42,000)
= $168,000
Answer:
In finance and accounting, capital generally refers to financial wealth, especially that used to start or maintain a business. ... In classical economics, capital is one of the four factors of production. The others are land, labor and organization
Answer:
Refrain from introducing evidence of prior oral agreements that occurred before or while the agreement was being reduced to its final form in order to alter the terms of the existing contract and you will have no disputes.
Cheers!
Answer:
D) Situational Stress
Explanation:
It is a short term for of stress that occurs in temporary situations. It is a short term stress when the problem/concern has a solution and then the stress goes away
Answer: b. it's profitable in the short run for another member to increase production.
Explanation:
This refers to an oligopolistic market where there are few producers of a good. These producers can come together to create a cartel that fixes prices for the goods and services they produce.
If they agree to cut back production, this will have the effect of increasing prices due to a reduction in supply. If a member decides to increase production, they would enjoy profits in the short term from the increased prices.
The other members would however respond by increasing production as well so those profits would stop towards the long run.
