Question Continuation
Determine the tax consequences of the redemption to Tammy and to Broadbill under the following independent circumstances.
Tammy and Jeremy are grandmother and grandson.
Answer:
See Explanation Below
Explanation:
Given.
Tammy number of shares = 300
Yvette number of shares = 400
Jeremy number of shares = 300
Each of the shareholders paid $50 per share.
Tammy's Ownership is calculated by; (300+300)/1000
= 600)1000
= 60% ---- before redemption
Tammy's Ownership = (150 + 300)/850
Tammy's ownership = 450/850
Tammy's Ownership = 52.94% ---- after redemption
The constructive ownership of Tammy is more than 80%, this means that the distribution is considered as income to Tammy
Answer:
I'm going to use common sense and say A.
Explanation:
Answer:
A. pricing
Explanation:
Pricing entails determining the value to attach to a product. It is the process through which a business decides how much customers will pay for its products. A business must consider the production costs and the desired margins when setting a price.
Price plays a crucial role in the success of a product and the business. A high price has higher profit margins but may put-off some customers. A low price may attract demand but may lead to losses. Sometimes, low prices are associated with a poor quality product.
Answer:
conceptualized
Explanation:
Based on the information provided within the question it can be said that in this scenario Scott has conceptualized the concept of "minority owned". This term refers to when an individual creates an abstract but very simplified view of something. Which in this case he gave the term "minority owned" a simplified definition of being only owned by women or African Americans, when there can be many other minorities in a certain area.
