Zinc, lp was formed on august 1, 20x9. when the partnership was formed, al contributed $10,000 in cash and inventory with a fmv and tax basis of $40,000. in addition, bill contributed equipment with a fmv of $30,000 and adjusted basis of $25,000 along with accounts receivable with a fmv and tax basis of $20,000. also, chad contributed land with a fmv of $50,000 and tax basis of $35,000. finally, dave contributed a machine, secured by $35,000 of debt, with a fmv of $15,000 and a tax basis of $10,000. what is the total inside basis of all the assets contributed to zinc, lp?
a. $140,000
b. $165,000
c. $175,000
d. $200,000

The simple interest in a loan of $200 at 10 percent interest per year is

Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above

Tom has brought $150,000 from his pension to a new job where his employer will match 401(k) contributions dollar for dollar. each year he contributes $3,000. after seven years, how much money would tom have in his 401(k)?