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Pavel [41]
3 years ago
5

Classify the following exchanges as "Qualifying" or "Not Qualifying" as a like-kind exchange under § 1031. Qualifies / Not Quali

fying a. Improved for unimproved real estate b. Rental house for personal residence c. Business land for rental house (held for investment) d. Warehouse for office building (both used for business) e. Truck for computer (both used in business) f. Rental house for land (both held for investment) g. Office furniture for office equipment (both used in business) h. Unimproved land in Jackson, Mississippi, for unimproved land in Toledo, Spain i. General partnership interest for a general partnership interest
Business
1 answer:
Natali5045456 [20]3 years ago
8 0

Answer:

a. Improved for unimproved real estate

Classification: Qualifying

b. Rental house for personal residence

Classification: Not Qualifying

c. Business land for rental house (held for investment)

Classification: Qualifying

d. Warehouse for office building (both used for business)

Classification: Qualifying

e. Truck for computer (both used in business)

Classification: Not Qualifying

f. Rental house for land (both held for investment)

Classification: Qualifying

g. Office furniture for office equipment (both used in business)

Classification: Not Qualifying

h. Unimproved land in Jackson, Mississippi, for unimproved land in Toledo, Spain

Classification: Not Qualifying

i. General partnership interest for a general partnership interest

Classification: Not Qualifying

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Bryan Houlberg expects his C corporation to generate a profit of $200,000. What is Bryan's after-tax cash flow from the corporat
Korolek [52]

Answer:

\$ 117,937.50

Explanation:

Corporate level tax on $200,000 is $61,250

Cash(After Corporate tax)= \$ 200,000 -\$ 61,250=\$138,750

Individual tax on $138,750(15%)=0.15\times138750=\$ 20812.5

Hence, net after tax cashflow :

\$ 138,750-\$20,812.5\\=\$117,937.50

5 0
3 years ago
A customer with no other mutual fund investments wishes to invest $47,000 in the XYZ Technology Fund. If the Class A shares are
77julia77 [94]

Answer:

The correct answer is (D)

Explanation:

If a customer wants to invest the agent must place the order as instructed. The agent must give all the information to the customers regarding the break-even discount.  The complete information should include the ways through which the customer can earn the break-even discount. The agent should place the order and tell every opening and aspect of invest to the customer.

3 0
3 years ago
A 10-year bond pays an annual coupon, its YTM is 8%, and it currently trades at a premium. Which of the following statements is
cricket20 [7]

Answer:

If the yield to maturity remains at 8%, then the bond's price will decline over the next year.

Explanation:

When the bonds sells at a premium it means that the coupon payment is greater than the yield to maturity, which means that the income generated by the bond is greater than return required by the investor and because of this the bond sells at a premium because the investor is willing to pay more for the bond as it offers more income than its required rate of return. With a premium the bond price increases to a point where the coupon and required return become equal. When the bond has 10 years to maturity it means that it will give 10 equal payments to the investor which will be greater than the investors required return therefore the investor will be willing to pay a higher price for the bond, as the maturity decreases the number of payments which will be higher than the required return also decrease, so for example if there are 5 years to maturity then the bond will pay 5 payments that are greater than the required return so the investor will be paying a lower premium compared to when he was getting 10 payments that payed more than his required return.

8 0
3 years ago
Consider a hypothetical closed economy in which households spend $0.60 of each additional dollar they earn and save the remainin
Liono4ka [1.6K]

Answer: Marginal propensity to consume = $0.60

              Spending multiplier = $2.5

Explanation: The MPC can be calculated using following equation :-

MPC=\frac{change\:in\:consumption}{change\:in\:spending}

MPC=\frac{\$0.60}{\$1}

               = 0.60

Similarly, we can calculate spending multiplier as :-

Spending\:multiplier\:=\:\frac{1}{1-MPC}

Spending\:multiplier\:=\:\frac{1}{1-0.60}

                                            = $2.5

8 0
3 years ago
Please help!! Question: Drake begins wearing knee high socks in his videos and concerts? What
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The answer would be B because demand would increase, therefore if there are more consumers there will be less product as people keep buying (therefore p decreases)
7 0
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