Business, 12.11.2019 05:31 aubreykenzie686
Tonya jefferson, a sole proprietor, runs a successful lobbying business in washington, d. c. she doesn't sell many business assets, but she is planning on retiring and selling her historic townhouse, from which she runs her business in order to buy a place somewhere sunny and warm. tonya's townhouse is worth $1,000,000 and the land is worth another $1,000,000. the original basis in the townhouse was $600,000, and she has claimed $250,000 of depreciation deductions against the asset over the years. the original basis in the land was $500,000. tonya has located a buyer that would like to finalize the transaction in december of the current year. tonya's marginal ordinary income tax rate is 35 percent. in addition to the original facts, assume that tonya reports the following nonrecaptured net §1231 loss: net §1231year gains/(losses)year 1 $(200,000)year 2 0year 3 0year 4 0year 5 0year 6 (current year) ? what amount of gain or loss does tonya recognize on the sale? what is the character of the gain or loss? as tonya's tax advisor, you suggest that tonya sell the townhouse in year 7 in order to reduce her taxes.
Answers: 3
Business, 22.06.2019 05:00
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Business, 22.06.2019 05:00
Every 10 years, the federal government sponsors a national survey of health and health practices (nhanes). one question in the survey asks participants to rate their overall health using a 5-point rating scale. what is the scale of measurement used for this question? ratio ordinal interval nominal
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Business, 22.06.2019 12:50
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Business, 22.06.2019 16:30
Summarize the specific methods used by interest groups in order to influence governmental decisions making in all three branches of government. provide at least two examples from each branch.
Answers: 3
Tonya jefferson, a sole proprietor, runs a successful lobbying business in washington, d. c. she doe...
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