Answer: wrap-up
Explanation: since every project needs to end the wrap-up aims to resolve any pending project-related issues, critique the overall effort of the project, and draw conclusions about how to improve the project management process for the future. Doing this ensures that all stakeholders of the project are satisfied, and that all acceptance criteria for the project have been met. The wrap-up is simply the concluding action of the project.
Answer:
$291,460
Explanation:
Data provided in the question:
Purchasing cost of the personal residence = $295,000
Real estate tax paid by Alice before the sale = $4,425
Property tax allocated to Alicia = $885
Property tax allocated to Rick = $3,540
Now,
Rick's basis in the residence will be
= Purchase cost - Property taxes allocated to Rick
= $295,000 - $3,540
= $291,460