Answer:
Check the following calculations
Explanation:
Sara with selling option
Selling Price = 800000
acquisition cost = 200000
Capital gain = 600000
- Intersest earned on 800000 @ 4% for 20 Years = 800000 * CVF @ 4% 20 Years
800000* 1.464 = 1171200 - 800000 = 371200
- Tax on interest Income = 371200 * 28% = 103936
- Tax on capital Gain = 600000*23.8% = 142800
- Total Tax on selling of land = 103936 + 142800 = 246736
Capital gain = 600000
Intersest earned on [email protected]% for 20 Years = 750000 * [email protected]% 20 Years
750000* 1.464 = 1098000 - 750000 = 348000
- Tax on interest Income = 348000 * 28% = 97440
- Tax on capital gain = 600000*15%= 90000
total Tax on contract = 97400+ 90000 = 187440
Saving of tax on contracting = tax on sale - tax on contract = 246736 - 187440 = 59296
Answer:
metropolitan .....................................
Question Completion:
Chris and Heather are engaged and plan to get married. Chris is a full-time student and earns $8,500 from a part-time job. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Heather is employed and reports $83,600 in wages.
Answer:
Chris and Heather
Taxable income and income tax (jointly):
Gross income $92,100
Standard deduction 24,000
Taxable income $68,100
Income tax $14,982
Explanation:
Chris' income = $8,500
Healther's wage= $83,600
Gross income = $92,100
Standard deduction (jointly) = $24,000
Income tax rate = 22%
Income tax (jointly) = 22% of $68,100 = $14,982
Answer: State limited liability company statutes vary from state to state.
Explanation:
States are able to pass their own laws regarding the treatment of certain things within a state and limited liability companies are one of them.
The states have different corporate values and therefore will pass different laws to treat limited liability companies based on these values. These laws and statutes will therefore by extension, vary just as the values vary.
For this reason, the law governing LLCs in the different states is not uniform.
I don’t even know to be honest only commenting to get some points ....:
