In year 4, fay sold 100 shares of gym co. stock to her son, martin, for $11,000. fay had paid $15,000 for the stock in year 1. subsequently in year 4, martin sold the stock to an unrelated third party for $16,000. what amount of gain from the sale of the stock to the third party should martin report on his year 4 income tax return

Ichelle is attending college and has a part-time job. once she finishes college, michelle would like to relocate to a metropolitan area. she wants to build her savings so that she will have a "nest egg" to start her off. michelle works out her budget and decides she can afford to set aside $9090 per month for savings. her bank will pay her 4 %4% per year, compounded monthly, on her savings account. what will be michelle's balance in five years?