Answer:
The answer is: A) Ordinary income of $45,000.
Explanation:
The $45,000 the lessor collected from the lessee (his tenant) should be included as ordinary income.
IRS Internal Revenue Code Section 10. b. 1. establishes that payments received by a lessor for the cancellation of a lease are considering ordinary income.
Answer:
5.7%
Explanation:
The computation of the expected rate of return is shown below:
= (Expected return of the boom × weightage of boom) + (expected return of the normal economy × weightage of normal economy) + (expected return of the recession × weightage of recession)
= (15% × -4%) + (7% × 80%) + (5% × 14%)
= -0.6% + 5.6% + 0.7%
= 5.7%
We simply multiply the weightage with each its expected return
The weightage of the normal economy is
= 100% - 15% - 5%
= 80%
Answer:
- You may give the client advice since the broker-dealer and the bank are excluded from the definition of an investment adviser
Explanation:
According to the uniform securities act, the following describes that you are permitted to do at the time when you are giving suggestions to the client
As we know that the broker or dealer as the case may be & the bank would not be included in the investment advisor definition
iSo the same would be considered for the given situation
Hence, the second option is correct