Silo inc. sold investment land to ppr inc. for $110,000 cash. silo’s basis in the land was $145,000. mr. and mrs. j own 100 percent of the stock of both corporations. what is ppr’s tax basis in the land purchased from silo? ppr holds the land as an investment for seven years before selling it to an unrelated buyer. compute the gain or loss recognized if the amount realized on sale is: (1) $100,000, (2) $116,000, or (3) $150,000.

Jose recently died with a probate estate of $900,000. he was predeceased by his wife, guadalupe, and his daughter, lucy. he has two surviving children, pete and fred. jose was also survived by eight grandchildren, pete’s three children, naomi, daniel, nick; fred’s three children, heather, chris and steve; and lucy’s two children, david and rachel. jose’s will states the following “i leave everything to my three children. if any of my children shall predecease me then i leave their share to their heirs, per stirpes.” which of the following statements is correct? (a) under jose’s will rachel will receive $150,000. (b) under jose’s will chris will receive $150,000. (c) under jose’s will nick will receive $100,000. (d) under jose’s will pete will receive $200,000.

Susan is a 5th grade teacher and loves getting up every day and going to work to teach her students. this is an example of a. extrinsic value b. interests c. intrinsic value d. external value

What is one counter argument to the premise that the wealth gap is a serious problem which needs to be addressed?