![Business](/tpl/images/cats/ekonomika.png)
Wesley, who is single, listed his personal residence with a real estate agent on March 3, 2013, at a price of $390,000. He rejected several offers in the $350,000 range during the summer. Finally, on August 16, 2013, he and the purchaser signed a contract to sell for $363,000. The sale took place on September 7, 2013. The closing statement showed the following disbursements:
Real estate agent's commission $21,780
Appraisal fee 600
Exterminator's certificate 300
Recording fees 800
Mortgage to First Bank 305,000
Cash to seller 34,520
Wesley's adjusted basis for the house is $200,000. He owned and occupied the house for seven years. On October 1, 2013, Wesley purchases another residence for $325,000. If an amount is zero, enter "0".
a. Wesley's recognized gain on the sale is $ 0
b. Wesley's adjusted basis for the new residence is $ 270000
c. Assume instead that the selling price is $800,000.Wesley's recognized gain is $287750 , and his adjusted basis for the new residence is $
270000
![answer](/tpl/images/cats/otvet.png)
Answers: 1
Other questions on the subject: Business
![image](/tpl/images/cats/ekonomika.png)
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 00:00, kyllow5644
Which of the following is a disadvantage to choosing a sole proprietorship business structure? question 9 options: the owner has personal responsibility for the company's liabilities. the owner has to share the profits with partners. the owner is still liable for personal debts. the owner has to report to shareholders.
Answers: 1
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 21:40, koryn4880
Heather has been an active participant in a defined benefit plan for 19 years. during her last 6 years of employment, heather earned $42,000, $48,000, $56,000, $80,000, $89,000, and $108,000, respectively (representing her highest-income years). calculate heather’s maximum allowable benefits from her qualified plan (assume that there are fewer than 100 participants). assume that heather’s average compensation for her three highest years is $199,700. calculate her maximum allowable benefits.
Answers: 3
![image](/tpl/images/cats/ekonomika.png)
Business, 22.06.2019 23:30, lulustar13
Atelephone call center uses three customer service representatives (csrs) during the 8: 30 a. m. to 9: 00 a. m. time period. the standard service rate is 3.0 minutes per telephone call per csr. assuming a target labor utilization rate of 80 percent, how many calls can these three csrs handle during this half-hour period?
Answers: 1
Do you know the correct answer?
Wesley, who is single, listed his personal residence with a real estate agent on March 3, 2013, at a...
Questions in other subjects:
![Konu](/tpl/images/cats/pravo.png)
![Konu](/tpl/images/cats/mat.png)
Mathematics, 06.10.2020 14:01
![Konu](/tpl/images/cats/en.png)
English, 06.10.2020 14:01
![Konu](/tpl/images/cats/mat.png)
Mathematics, 06.10.2020 14:01
![Konu](/tpl/images/cats/himiya.png)
Chemistry, 06.10.2020 14:01
![Konu](/tpl/images/cats/mat.png)
Mathematics, 06.10.2020 14:01
![Konu](/tpl/images/cats/en.png)
![Konu](/tpl/images/cats/obshestvoznanie.png)
![Konu](/tpl/images/cats/istoriya.png)