Antonio owns land held for investment with a basis of $28,000. The city of Lafayette exercises the right of eminent domain and Antonio receives a payment of $48,000. What is Antonio's realized gain?

B) $20,000

Explanation:

Antonio's realized gain = payment received - land basis = $48,000 - $28,000 = $20,000

When a city government exercises the right of eminent domain it will take possession of private property. The Fifth Amendment authorizes this practice only if the owner is given a just compensation for their loss.

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi

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