Carrie retired last week and received a lump-sum distribution of her employer's stock from the company's stock bonus plan. the value of the shares at the time of contribution varied. the 1st contribution was 2,500 shares at $10 per share. the 2nd consisted of 2,500 shares at $13 per share, and the last 2,500 shares were valued at $15 per share. all stock was contributed by the employer, and the current value of the stock on the date of her retirement is $22 per share. because she is only 63 years old today, she wants to wait to sell the shares until she is 66. how much of the lump-sum distribution should carrie report on her income tax return in the year of her retirement?

Suppose that jim plans to borrow money for an education at texas a& m university. jim will need to borrow $25,000 at the end of each year for the next five years (total=$125,000). jim wishes his parents could pay for his education but they can’t. at least, he qualifies for government loans with a reduced interest rate while he is in school. he has a special arrangement with aggiebank to lend him the money at a subsidized rate of 1% over five years without having to make a payment until the end of the fifth year. however, at the end of the fifth year, jim agrees to pay off the loan by borrowing from longhorn bank. longhorn bank will lend him the money he needs at an annual interest rate of 6%. jim agrees to pay back the longhorn bank with 20 annual payments and the payments will be uniform (equal annual payments including principal and interest). (i) calculate how much money jim has to borrow at the end of 5 years to pay off the loan with aggiebank. a. $121,336 b. $127,525 c. $125,000 d. $102,020 e. none of the above