Karen purchased a rental property in 1995 for $45,000. In 2005 she traded this property and $10,000 in cash for a rental property valued at $105,000. In 2014, Karen sold that property for $135,000. What was her taxable income when she sold the property in 2014

Arnold rossiter is a 40-year-old employee of the barrington company who will retire at age 60 and expects to live to age 75. the firm has promised a retirement income of $20,000 at the end of each year following retirement until death. the firm's pension fund is expected to earn 7 percent annually on its assets and the firm uses 7% to discount pension benefits. what is barrington's annual pension contribution to the nearest dollar for mr. rossiter? (assume certainty and end-of-year cash flows.)