Hilary had an outside basis in LTL General Partnership of $14,000 at the beginning of the year. LTL reported the following items on Hilary's K-1 for the year: ordinary business income of $9,000, a $14,000 reduction in Hilary's share of partnership debt, a cash distribution of $24,000, and tax-exempt income of $7,000. What is Hilary's adjusted basis at the end of the year

Use this image to answer the following question. when the economy is operating at point b, the us congress is most likely to follow

Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.

Jen left a job paying $75,000 per year to start her own florist shop in a building she owns. the market value of the building is $120,000. she pays $35,000 per year for flowers and other supplies, and has a bank account that pays 5 percent interest. what is the economic cost of jen's business?