Troy has a basis of $39 per share
total value of shares is $3900
Step-by-step explanation:
On July 1, the date of the gift, the stock was selling for $39 per share.
Troy's basis in the stock = current value of shares
No need to consider the base rate which is in 15 years ago
The current rate of 100 shares = $39 × 100 = $3900
Troy has a basis of $39 per share
total value of shares is $3900
Answer:

Step-by-step explanation:
<u>Step 1: Determine the unit rate</u>



<u>Step 2: Determine the amount of gasoline used for 216 miles</u>


Answer: 
Answer:
Less than
Step-by-step explanation:
7.5 < 48.75
48.75 is a bigger number than 7.5
Therefore, 7.5 is less than it.