Business, 13.07.2020 23:01 fooligan3448
Mike and Diane Carter file jointly and have taxable income of $150,000 prior to considering capital gains. This year, they had the following property transactions:On April 1, sold, for $50,000, investment land which was inherited from their grandfather, was valued at $48,600 at his death during 2008, and was purchased in 2005 for $45,000.Sold 1,000 shares of stock at $15 each on May 16; the shares were purchased on April 24, 2018, at $12 each. Sold 300 shares of stock at $8 each on June 22; the shares were part of a 1,000 share lot purchased on January 11ththis year, at $10 each. Bought 500 shares of stock on August 31, 2001, for $12 each, which on December 31st this year, are worth $18 each. Ignoring commissions what is the tax consequence of the above transactions to the Carters?Group of answer choicesA. $1,178 increase in liability. B. $1,480 increase in liability. C. $570 increase in liability. D. $760 increase in liability.
Answers: 3
Business, 22.06.2019 16:40
Determining effects of stock splits oracle corp has had the following stock splits since its inception. effective date split amount october 12, 2000 2 for 1 january 18, 2000 2 for 1 february 26, 1999 3 for 2 august 15, 1997 3 for 2 april 16, 1996 3 for 2 february 22, 1995 3 for 2 november 8, 1993 2 for 1 june 16,1989 2 for 1 december 21, 1987 2 for 1 march 9, 1987 2 for 1 a. if the par value of oracle shares was originally $2, what would oracle corp. report as par value per share on its 2015 balance sheet? compute the revised par value after each stock split. round answers to three decimal places.
Answers: 1
Business, 22.06.2019 22:20
Which of the following best explains why the demand for housing is more flexible than the supply? a. new housing developments are being constructed all the time. b. low interest rates for mortgages make buying a home very affordable. c. the increasing population always drives demand upwards. d. people can move more easily than producers can build new homes.
Answers: 1
Mike and Diane Carter file jointly and have taxable income of $150,000 prior to considering capital...
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