Pleaseee help P L E A S E

Troy (single) purchased a home in Hopkinton, MA, on January 1,2007, for $300,000. He sold the home on January 1, 2016, for$320,0

Kryger [21]

Answer:

Person T has rented home for the period of 1st January 2007 to 31st December 2011 for principal purpose. Person T used the home for living from the date 1st January 2012 to 31st December 2012. From 1st January 2013 to 31st December 2013. T rented premises. Afterward. Person T used the home for living from the date 1st January 2014 to 31st December 2012. Accumulated depreciation on the same is SO.

1st January 2007 to 31st December 2011- Rented for 5 years

1st January 2012 to 31st December 2012 — Principal resident for 1 year 1st January 2013 to 31st December 2013- Rented for 1 year

1st January 2013 to 31st December 2016 — Principal resident for 4 years

Person T is successful in criteria of user test and ownership tests. As Person T has used the home for a minimum two years out of the last five years from the date of sale. Person T has used home for the principal residence for 5 years and 6 years as a rented resident. Hence allowance of gain should be in proportion basis.

Calculation of percentage of gain for which Person T is eligible for an exemption from paying tax:

Exemption = (Principal residence year/Total no.of years) × 100

Exemption = (5/11) × 100

Exemption = 45.45%

Hence, 45.45% is exempted from tax.

Calculation of amount for which Person T is eligible for an exemption from paying tax

Exempted amount = Tax Exemption x Capital gain

= 45.45% × $20,000

= $9,090

Hence, the eligible amount of exemption is $9,090.

Calculation of amount for Person T is not eligible for an exception from paying tax

Not exempted amount = Total profit - Exempted amount

Not exempted amount = $20,000 - $9,090

Not exempted amount = $10,910

Hence. Person T can claim exemption of capital gain for $9.090 from her total taxable income.

6 0

3 years ago

Medical researchers have developed a new artificial heart constructed primarily of titanium and plastic. the heart will last and

Natalka [10]

Based on the given information, this 50 battery packs will then be tested through the artificial heart and check which of the different components contains the best component for the organ.Thank you for your question. Please don't hesitate to ask in Brainly your queries.

7 0

3 years ago

Jeffrey is going to sell sporting apparel, which he has already purchased from manufacturers, and has signed a deal agreeing to

photoshop1234 [79]

Answer: Place.

Explanation:

The marketing mix are those parameters a marketer can influence to increase sales, the market mix include: promotion, price, product and place. Jeffrey has taken necessary steps to plan for other marketing mix except location (place) his product would be sold.

3 0

3 years ago

Read 2 more answers

A country with a relatively low level of real GDP per person is considering adopting two policies to promote economic growth.The

Tomtit [17]

Answer:

The correct answer is: neither the first nor the second would promote growth.

Explanation:

A country with a relatively low level of real GDP per person is considering adopting two policies to promote economic growth.The first is to increase barriers to trade.The second is to restrict foreign portfolio investment.Which of these policies would most economist think would promote growth

One of the main statistical indicators used to measure the economic evolution of a country is the Gross Domestic Product (GDP). In the macroeconomic analysis of any State, the interpretation of this value is essential to know the degree of economic development and its trends.

The weak growth of productivity in many advanced and emerging market economies after the international financial crisis is raising concerns about growth prospects. A new study indicates that reducing barriers to international trade and foreign direct investment (FDI) could stimulate productivity and output.

The entry of portfolio investment into the country is associated with the yield and risk differentials of the country abroad. This means that a change in the perception of country risk is not necessary. Rather, they need to change in relation to existing alternatives in other countries. Therefore, significant movements in this area do not necessarily reflect a change in the state of the country's economy, however, they can have important repercussions on the exchange rate and other fundamental variables of the financial markets.

7 0

3 years ago

The marketing manager for Gillette razors is attempting to determine a sales estimate for the line of products that provide men

dusya [7]

Answer:

The correct answer is letter "A": company sales potential; market potential.

Explanation:

Company sales potential is the expected amount of sales of a company given a specific sector in the market. It is presumed that the company has carried out marketing strategies and investment for the levels desired to be achieved. In the example, that level is 20%.

The market potential is the size of the market for a given product within a period of time. It is usually expressed in monetary terms since it expresses the number of sales value or volume during the period. In the example, that amount is $30 million dollars.

6 0

3 years ago