1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleks04 [339]
3 years ago
13

Julio is in the 32% tax bracket. He acquired 9,000 shares of stock in Gray Corporation seven years ago at a cost of $20 per shar

e. In the current year, Julio received a payment of $135,000 from Gray Corporation in exchange for 4,500 of his shares in Gray. Gray has E & P of $1,000,000. What income tax liabil-ity would Julio incur on the $150,000 payment in each of the following situations? Assume that Julio has no capital losses.
a. The stock redemption qualifies for sale or exchange treatment.
b. The stock redemption does not qualify for sale or exchange treatment.
c. How would your answer to parts (a) and (b) of Problem 49 differ if Julio were a corporate shareholder rather than an individual shareholder and the stock ownership in Gray Corporation represented a 25% interest?
Business
1 answer:
xxMikexx [17]3 years ago
4 0

Answer:

example below

Explanation:

You might be interested in
Ensuring proper collection preservation and safeguarding of federal records is the responsibility of.
Diano4ka-milaya [45]

Ensuring proper collection preservation and safeguarding of federal records is the responsibility of <u>All Air Force Personal</u>.

<h3>What is Record Management Policy?</h3>
  • All federal agencies are required under the Federal Records Act (44 U.S.C. 31) and related Code of Federal Regulations (CFRs) to keep records that detail their operations, file records for secure storage and quick retrieval, and dispose of records in accordance with agency schedules.
  • A record keeping policy is a collection of guidelines for managing the creation, receipt, storage for historical purposes, and destruction of documents and other information within an organization.
  • When it comes to safeguarding the rights and interests of the general public, holding public servants responsible for their acts, and recording the history of our country, federal records are crucial corporate assets.
  • Employees of the government are responsible for maintaining and creating Federal records as part of their duties.

There are numerous types of federal records, including but not restricted to:

  • recordings of audio and/or video
  • drawings for architecture, engineering, and other fields
  • electronic messages, such as texts, emails, and instant messages, used in computer-aided design
  • Geospatial data and maps, notes, and pictures
  • presentations
  • reports with statistics and narratives about social media content
  • web statistics

Know more about Record Management Policy brainly.com/question/14693974

#SPJ4

5 0
1 year ago
Baseball Corporation is preparing its cash budget for January. The budgeted beginning cash balance is $18,600. Budgeted cash rec
professor190 [17]

Answer:

Company should borrow = $15200

Explanation:

Below is the calculation for the borrowing amount:

Cash balance at the beginning = $18600

Add - Cash receipts = 186000

Less- Cash disbursements = (189200)

Budgeted cash balance = 18600 + 186000 - 189200 = 15400

Borrowing will be = Ending cash - 15400

Borrowing will be = 30600 - 15400

Borrowing will be = $15200

Company should borrow = $15200

6 0
2 years ago
Which of the following items is not considered evidence in determining if a valuation allowance is necessary? A. A cumulative bo
tatyana61 [14]

Answer:

Management can implement a tax strategy to create future taxable income, but it will be detrimental to the future profitability of the company.- D.

8 0
3 years ago
Please describe an effective leadership style
Lostsunrise [7]

Explanation:

noluyo anlamıyom ya döyler misiniz

8 0
2 years ago
Which of the following insurgency elements do the actual fighting and provide security?
Drupady [299]
<span>Combatants provide security and do the actual fighting. </span>
7 0
3 years ago
Other questions:
  • On January 2, 2020, Concord Corporation began construction of a new citrus processing plant. The automated plant was finished an
    7·1 answer
  • Which of the choices is an example of offshore outsourcing?
    5·2 answers
  • Sales revenues are usually considered earned when an order is received. cash is received from credit sales. adjusting entries ar
    12·1 answer
  • The last dividend on Spirex Corporation's common stock was $4.00, and the expected growth rate is 10 percent. If you require a r
    11·1 answer
  • Isaac holds one ton of perishable fruit in storage for Juice Smoothies Corporation. Juice Smoothies does not pay for the storage
    11·1 answer
  • According to your text, the best means of using direct foreign investment to attract new sources of demand is probably to
    9·1 answer
  • What are the types of budget​
    8·1 answer
  • Chris purchased a new piece of equipment to be used in its new facility. The $410,000 piece of equipment was purchased with a $6
    10·1 answer
  • Dear Mr. Sanchez: Your efforts to promote ethical business practices in our city have drawn national recognition. You are an exc
    14·1 answer
  • Briefly explain how the government uses taxation as a redistribution method
    15·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!