Business, 07.10.2019 21:30 nicole5918
Fran, who is in the 35% tax bracket, recently collected $100,000 on a life insurance policy she carried on her father. she currently owes $120,000 on her personal residence and $120,000 on business property. national bank holds the mortgage on both pieces of property and has agreed to accept $100,000 in complete satisfaction of either mortgage. the interest rate on the mortgages is 8%, and both mortgages are payable over 10 years. what would be the tax consequences of each of the following alternatives assuming that fran currently deducts the mortgage interest on her tax return? a. retire the mortgage on the residence. b. retire the mortgage on the business property. which alternative should fran select?
Answers: 3
Business, 22.06.2019 03:10
Jackson is preparing for his hearing before the federal communications commission (fcc) involving a complaint that was filed against him by the fcc regarding the interruption of radio frequency. the order to "cease and desist" using the radio frequency has had a detrimental impact on his business. once the administrative law judge prepares his or her initial order, jackson has no further options. no, jackson can request that the matter be reviewed by an agency board or commission. yes, once the initial order is presented, it's only a matter of time before the order becomes final.
Answers: 3
Business, 22.06.2019 09:50
Beck company had the following accounts and balances at the end of the year. what is net income or net loss for the year? cash $ 74 comma 000 accounts payable $12,000 common stock $21,000 dividends $12,000 operating expenses $ 13 comma 000 accounts receivable $ 49 comma 000 inventory $ 47 comma 000 longminusterm notes payable $33,000 revenues $ 91 comma 000 salaries payable $ 30 comma 000
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Business, 22.06.2019 11:30
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Business, 23.06.2019 10:20
Global tek plans on increasing its annual dividend by 15 percent a year for the next four years and then decreasing the growth rate to 2.5 percent per year. the company just paid its annual dividend in the amount of $.20 per share. what is the current value of one share of this stock if the required rate of return is 17.4 percent? $1.82 $218 $2.03 $2.71 $3.05
Answers: 1
Fran, who is in the 35% tax bracket, recently collected $100,000 on a life insurance policy she carr...
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