All varieties of information, from bullet pointed text to numerical tables
Answer:
A) $7,000
Explanation:
Smith can deduct the $5,000 he donated to the church he attends. The art work donated to the local museum must be deducted at its basis, which is $2,000. Since he only purchased the painting 4 months before, the price increase will be considered a short term capital gain. Donated short term capital gain property must be deducted at basis.
The $1,000 he donated to the needy family is not deductible, since it wasn't a qualifying organization.
honestly you would need all of them because they are very important to have as you get older
Answer:
The woman will receive $ 4,171.96 per year.
Explanation:
We need to determinate the PTM of a 15 years' ordinary annuity which present value is 30,000 discounted at 11%
PV $30,000.00
time 15
rate 0.11
C $ 4,171.957
