Barry Cuda and Ella Funt are a married couple who have lived in their home for the past ten years. They purchased the home for $400,000 and just sold it for $950,000. What is the taxable amount of the sale proceeds? A. $950,000 B. $550,000 C. $300,000 D. $50,000 E. No answer text provided.

True or false: banks are required to make electronically deposited funds available on the same day of the deposit

Wallis company manufactures only one product and uses a standard cost system. the company uses a predetermined plantwide overhead rate that relies on direct labor-hours as the allocation base. all of the company's manufacturing overhead costs are fixed—it does not incur any variable manufacturing overhead costs. the predetermined overhead rate is based on a cost formula that estimated $2,886,000 of fixed manufacturing overhead for an estimated allocation base of 288,600 direct labor-hours. wallis does not maintain any beginning or ending work in process inventory.

Perez, inc., applies the equity method for its 25 percent investment in senior, inc. during 2018, perez sold goods with a 40 percent gross profit to senior, which sold all of these goods in 2018. how should perez report the effect of the intra-entity sale on its 2018 income statement?