Business
Business, 13.11.2019 06:31, needsdarkness6016

Styling shoes, llc, filed its 20x8 form 1065 on march 15, 20x9. styling had three members with the following ownership interests and tax bases at the beginning of 20x8: (1) jane, a member with a 25 percent profits and capital interest and a $5,000 outside basis, (2) joe, a member with a 45 percent profits and capital interest and a $10,000 outside basis, and (3) jack, a member with a 30 percent profits and capital interest and a $2,000 outside basis. the following items were reported on styling's schedule k for the year: ordinary income of $100,000, section 1231 gain of $15,000, charitable contributions of $25,000, and tax-exempt income of $3,000. in addition, styling received an additional bank loan of $12,000 during 20x8. what is jane's tax basis after adjustment for her share of these items? a.)32,625.b.)$36,250.c.)$39,000.d.) $64,250.

answer
Answers: 3

Other questions on the subject: Business

image
Business, 22.06.2019 11:50, dinero0424
After graduation, you plan to work for dynamo corporation for 12 years and then start your own business. you expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). the first deposit will be made a year from today. in addition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = 0). if the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?
Answers: 1
image
Business, 22.06.2019 16:00, anonymous1813
Winners of the georgia lotto drawing are given the choice of receiving the winning amount divided equally over 2121 years or as a lump-sum cash option amount. the cash option amount is determined by discounting the annual winning payment at 88% over 2121 years. this week the lottery is worth $1616 million to a single winner. what would the cash option payout be?
Answers: 3
image
Business, 22.06.2019 19:20, kristen17diaz
Garrett is an executive vice president at samm hardware. he researches a proposal by a larger company, maximum hardware, to combine the two companies. by analyzing past performance, conducting focus groups, and interviewing maximum employees, garrett concludes that maximum has poor profit margins, sells shoddy merchandise, and treats customers poorly. what actions should garrett and samm hardware take? a. turn down the acquisition offer and prepare to resist a hostile takeover. b. attempt a friendly merger and use managerial hubris to improve results at maximum. c. welcome the acquisition and use knowledge transfer to impart sam hardware's management practices. d. do nothing; the two companies cannot combine without samm hardware's explicit consent.
Answers: 1
image
Business, 22.06.2019 19:30, michael1498
Which of the following businesses is most likely to disrupt an existing industry? a. closer connex developed an earphone that receives emails and text messages and converts them to voice messages. the first models had poor reception, but they rapidly improved over time. b. mega technologies reconfigured the components used in its touchscreen tablets to create a new type of wearable device for use in restaurants and other service industries. c. particle inc. developed a teleportation technology that can transport physical materials instantaneously across great distances. d. altrea added advanced camera technology to its premium line of smartphones so that they would take the highest-quality photos of all phones on the market.
Answers: 1
Do you know the correct answer?
Styling shoes, llc, filed its 20x8 form 1065 on march 15, 20x9. styling had three members with the f...

Questions in other subjects:

Konu
English, 13.10.2020 01:01
Konu
Mathematics, 13.10.2020 01:01
Konu
Mathematics, 13.10.2020 01:01