Mr. Forest, a single taxpayer, recognized a $252,000 loss on the sale of Section 1244 stock. What is the character of this loss

Answers

Answer 1

Based on current tax laws, the character of this loss is $50,000 ordinary loss and $202,000 capital loss.

Tax laws stipulate that when it comes to losses from section 1244 stock, $50,000 is the maximum that can be stipulated for losses to a single person with the rest being treated as capital loss.

This means that $50,000 will be stipulated as ordinary losses here and the capital loss will be:

= 252,000 - 50,000

= $202,000

In conclusion, $50,000 is ordinary loss and $202,000 is capital loss.

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Related Questions

EconomicsAlthough GDP is a reasonably good measure of a nation's output, it does not necessarily include all transactions and production for that nation. Which of the following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States?
a. The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.b. The costs of air and water pollution.c. Funds spent by city governments to renovate their buildings.d. The leisure time they have.
When a U.S. company purchases and imports wood from Brazil to use to build new houses within the United States, this purchase increases the_____component of GDP while also_____net exports by the same amount. Therefore, the purchase of wood from Brazil_____in US GDP.

Answers

The following scenarios are either not accounted for or measured inaccurately by either the income or the expenditure methods of calculating GDP for the United States:  

a. The value of baby-sitting services, when the babysitter is paid in cash and the transaction isn't reported to the government.

b. The costs of air and water pollution

d. The leisure time they have

The purchase of wood from Brazil, the import component of GDP increases whole net exports decreases by the same amount. The purchase of wood from Brazil decreases US GDP.

Gross domestic product is the sum of final products produced in a country within a given period. GDP can be determined using the expenditure, income or value added product.

GDP calculated using the expenditure approach = Consumption spending + Investment spending + Government spending + Net export

Items not included in the calculation of GDP includes:  

1. Activities not reported to the government  

2. illegal activities

3. sale or purchase of used products

4. externalities

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Candice?

Bofa?

Joe?
Who are these ppl:(

Answers

Answer:im not sure

Explanation:

don’t. Search up Candace

The name Candice is used as a set up for the joke.

Which of the following explains how the growth of a market-based economy in the united states in the early 1800s most directly influenced changes in gender roles?.

Answers

The growth of an economy in the early 19th century influenced American society by causing changes in gender roles. Women dedicated themselves to the home and men to work outside the home.

The market economy is an economic concept that refers to the economic system in which the free market and private property are the fundamental parts of the trade.

The market economy is related to the capitalist system that took hold since the 19th century. At that time, factories and service companies needed more qualified labor, so men needed to leave their homes to work for companies.

On the other hand, due to the roles historically assigned to women, they could not access education and were therefore not qualified to obtain work in companies. Additionally, they had to stay at home and dedicate themselves to housework because the man was the one who brought the money to the house.

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cosy corner plc case study

Answers

Answer: https://www.igcsebusiness.co.uk/uploads/2/6/7/8/26787454/organisation_notes_final.pdf

Explanation:

The goal of logistics is to manage the physical flow of materials and information from points of origin to points of consumption:

Answers

Answer: Meeting customer requirements at a profit

In order to satisfy client demands while making a profit, logistics involves the physical flow of materials, finished items, and related information from points of origin to places of consumption.

What is logistics ?

In general, logistics refers to the meticulous planning and execution of a complex task. In a broad sense, logistics coordinates the movement of products from their point of origin to their final destination in order to satisfy the needs of consumers or businesses.

By industry, logistics can be divided into five categories: sales logistics, manufacturing logistics, recovery logistics, and recycling logistics.

Transportation and delivery, storage, packaging, cargo handling, distribution processing, and information processing are all parts of logistics, and numerous methods have been set up to carry goods from the factory or location of production to the consumer promptly and on time.

Thus, In order to satisfy client demands while making a profit, logistics involves the physical flow of materials.

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Why is it easier to play soccer on a grassy field than on an ice hockey rink?

1.because there is more friction between the grassy field, your feet, and the ball
2.because there is less friction between the grassy field, your feet, and the ball
(this is science)

Answers

Answer:

2

Explanation:

Answer:

because there is less friction between the grassy field and your feet and the ball!!

Explanation:

Lucas, a single U.S. citizen, works in Denmark for MNC Corp during all of 2019. His MNC salary is $87,000. Lucas may exclude from his gross income wages of: a.$105,900 b.$87,000 c.$40,000 d.$0

Answers

Lucas can exclude from his gross income wages of $87,000.

Usually, a United State's citizen living and working abroad is taxed on his worldwide Income.

The maximum amount of exclusion of foreign earned income for Singles in 2019 is $105, 900.

Here, he is a single taxpayer who worked in Denmark for MNC Corp for the whole of 2019 and earned the salary of $87000.

He's eligible to exclude the amount of $105,900 from his gross income. and his salary is less than maximum limit allowed for exclusion, therefore, the gross income will be excluded.

In conclusion, the Option B is correct because can exclude from his gross income wages of $87,000.

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When a company deliberately ships either more or less to a customer than required, this is called:.

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Strategic logistics is when a company deliberately ships more or less than what is required to a customer.

A logistics strategy refers to attitudes or driving forces that help to coordinate plans or goals between partners across the supply chain.

The situation described in the question is Strategic logistics because it will help the overall process of supply chain.

Hence, a policy called Strategic logistics is when a company deliberately ships more or less than what is required to a customer.

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A Notary Signing Agent and a borrower have finished signing documents and all that is left to wrap-up the appointment is to check the documents for errors, but the NSA is already late for the next appointment. What should the Signing Agent do next

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Considering the situation described above, the Notary Signing Agent (NSA) should check the documents for errors and call the borrower for the next appointment.

This a because, at this stage, what is left is to wrap up the appointment, and checking of errors can be quickly done.

A Notary Signing Agent is an individual whose role is to sign an agent. A courtesy signer is an agent whose function is to ensure a formal signature of an appearer is made to a document.

Generally, the role of an NSA includes the following:

Printing loan documents,Meeting the signer and notarizing their signature, Returning the documents for processing.

Hence, in this case, it is concluded that the correct answer is "check the documents for errors and call the borrower for the next appointment."

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According to Angel Capital Association, the least desirable time to seek angel investment is ______.

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A corporate angel investor is often seen from big multinational and do wants a paid position in the venture. According to Angel Capital Association, the best time to seek angel investment are;  

when you have existing customers. when you have exhausted other alternatives. when the product is developed or near completion.

Corporate angels are simply known to be former executives from large companies who are known to be been downsized or have taken early retirement.

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_____ is an insignificant value per share of capital stock specified in the corporate charter. Multiple choice question. Seasoned value Treasury Stock Par value Additional Paid-in Capital

Answers

The insignificant value per share of capital stock that is been set and introduced in the charter can be regarded as par value.

Par value can be explained as the value of a single common share which is been specified by corporation's charter.

This cannot be been  related to the actual value of the shares.

Therefore, par value is the correct term.

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when a bank says their savings account earns 1% APY interest, that typically means you will earn 1% interest over what period of time
A. monthly
B.Daily
C. Annually
D. Quarterly

Answers

Answer:

A.number monthly. i think

What was the benefit of using oil versus tempera paint? a. Oil paint is more flexible and allows artists to make changes easier. B. Oil paint dries faster. C. Oil paint uses egg yolk, which allows for deeper colors. D. All of the above Please select the best answer from the choices provided A B C D.

Answers

The benefit of using oil versus tempera paint is that Oil is more flexible and allows artists to make changes easily.

Oil painting is an act of painting with oil colors. These oil colors contain a pigment that is submerged in drying oils.

Oil colors for artists are created by combining dry powder pigments with chosen refined linseed oil to form a thick paste.

Tempera paint is an irreversible, rapid drying painting media made up of colored pigments blended with a water-soluble binder media, a typically glutinous substance like egg yolk.

Tempera paint is popular in classrooms and may be spread with a brush.

A stricken benefit of Oil paint over tempera paint is that Oil is more flexible and allows artists to make changes easily.

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Answer:

A. Oil paint is more flexible and allows artists to make changes easier.

Explanation:

E2020

the most likely explanation for economies of scale is

Answers

specialization of labor

A couple has a joint net worth of $12,000,000. If one dies in 2021, the taxable amount of the estate is:

Answers

the answer id 0


hope this helps!!

Divisions of the Fed known as ________ handle almost all the checks written against a bank in one city and presented for deposit to a bank in a second city.

Answers

The division that belongs to Fed which is responsible for handling of checks written against a bank in a particular city, which also helps in  presenting this check for deposit at a  bank in a another city.

Check clearance can be explained as process of moving cash from a particular bank whereby a checks is drawn to the bank in which it was deposited.

The division that handles this is check clearinghouses and helps as intermediate for check clearing between banks.

Therefore, check clearinghouses is the correct term.

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The _____ is a firm that originates an idea for a business and develops operational methods to run the business.

Answers

Answer:

Franchisor

Explanation:

The franchisor is a firm that originates an idea for a business and develops operational methods to run the business.

I'LL GIVE BRAINLIEST!!!
The Smith family wants to relocate to a neighborhood with better schools before their three-year-old goes to kindergarten. They talked with Byron about properties he has for sale in neighborhoods they would like to live in. They also mentioned to Byron that they both work and may need someone to help with in-home care for their child. Byron gave them Taylor’s name to call about childcare. The Smiths also said they were having a hard time getting loan approval, so Byron suggested that they call Travis. Which best describes the jobs performed by Byron, Taylor, and Travis?

Byron is a Customer Service Representative, Taylor is a Child Care Worker, and Travis is a Loan Counselor.
Byron is a Real Estate Manager, Taylor is a Nanny, and Travis is a Loan Counselor.
Byron is a Real Estate Manager, Taylor is a Preschool Teacher, and Travis is a Customer Service Representative.
Byron is a Home Counselor, Taylor is a Nanny, and Travis is a Property Manager.

Answers

Answer:

option C Byron is a Real Estate Manager, Taylor is a Preschool Teacher, and Travis is a Customer Service Representative.

Explanation you can give other guy brainliest

According to the passage, Byron is the real estate manager, Taylor is the preschool teacher and Travis is a customer service representative.

What is real estate manager?

Real estate manager is a person who deals with property. He sells the property act as mediator between the seller and the buyer. He also determines the rental income and act as negotiator in the lease agreement.

In the passage the Byron occupation is of real estate manager who helps in the Smith family for selling their property. The child of smith requires the childcare. Thus Taylor is the preschool teacher.

Travis is the customer service representative who is requires by the smith family to approve the loans.

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Should I stay single?

Answers

Answer:  It is entirely up to you to make that decision. If you want to know, start by asking yourself if being in a relationship  really worth it. Will it have a positive impact on you? If so, I say go for it. However, if your mental health isn't doing well and you're going through a lot, I'd advise you to focus on yourself first.

Explanation: Hoped I helped :)

You work as the inventory manager at a golf pro shop. The club pro has reviewed and approved a new golf club collection, and you proceed to complete the purchase by negotiating a price and finalizing paperwork with the manufacturer. In this scenario, you are in the role of ______. Multiple choice question. influencer initiator user buyer

Answers

Answer:

Buyer

Explanation:

I did this question

each of the statements shown is characteristic of a phase in the development of a competitive market industry. please classify each statement as a cause of firms exiting the market, the number of firms in the market remaining stable, or firms entering the market.

Answers

Firms would exit the market in the following circumstances:

Price is less than average cost Firms post an economic loss.

The market would remain stable in the following circumstances:

No firms earn economic profit

Firms would enter the market in the following circumstances:

Price is greater than average cost.Firms earn both economic profit and accounting profit.

A competitive market industry is characterised by many buyers and sellers of identical goods and services. Market price is set by the forces of demand and supply.

In the long run, firms would earn only accounting profit. If a firm earns economics profit in the short run, firms would enter the industry in the long run. This would reduce economic profit to zero.

In the short run if firms earn economic loss, in the long run, firms would leave the market. As a result, economic profit would rise to zero.

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Reuben Garza just graduated from high school and had begun a five year apprenticeship as a machinist. His starting wage is $8.25 an hour and he receives a paycheck every two weeks.

Compute his biweekly net pay using the following directions. Found all answers to the nearest cent.

Biweekly Grossy pay $____
Withholding:
Fed income tax (5.0%) $___
State income tax (5.6%) $___
Social security (6.20%) $___
Medicare (1.45%) $____
Union dues (1.0%) $____
Total $___
Biweekly gross pay $____
Minus total withholding -$___
Biweekly net pay $____

Answers

Answer:

tax (5.0%) $___

State income tax (5.6%)

Minus total withholding -$___

Biweekly net pay

Explanation:

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Trainor Sports recently issued 25,000 shares of its $12 par value common stock for $450,000. Which amounts represent legal capital and total paid-in capital, respectively

Answers

The amount that represents legal capital is $300,000 and the amount that represents total paid-in capital is $450,000.

The legal capital is the amount that is based on the par value or stated value of the common stock per share. For example, in this case, the par value per share is $12.

The legal capital is obtained as the sum of 25,000 shares x $12, which is $300,000.  The difference of $150,000 ($450,000 - $300,000) is the additional paid-in capital.

Thus, the total amount of $450,000 is the recently issued total paid-in capital for Trainor Sports.

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The amounts that represent legal capital and total paid-in capital, respectively are: $300,000; $450,000.

a. Legal fees

Using this formula

Legal capital=Number of shares× Per value

Let plug in the formula

Legal capital=25,000×$12

Legal capital=$300,000

b. The total paid-in capital is $450,000 reason being that $12 par value common stock was issued at cost of $450,000.

Inconclusion the amounts that represent legal capital and total paid-in capital, respectively are: $300,000; $450,000.

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True or false: Changes in cash are classified as either operating activities, direct activities or indirect activities.

Answers

The operating cash flows often uses the direct method of presentation. Changes in cash are classified as either operating activities, direct activities or indirect activities is a false statement.

Operating activities is said to be cash activities that are linked to net income.

The cash flow direct method often determines changes in cash receipts and payments.

The indirect method often takes the net income gotten in a period and adds or subtracts changes in the asset and liability accounts.

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C&a+sold+30%+of+the+5000+items+that+it+carried+last+week. +there+were+500+items+for+which+some+demand+was+not+satisfied. +what+is+the+in-stock+probability+for+last+week?.

Answers

Answer:

.............

Explanation:

..................

Please, help, I will award brainliest!
How does government spending on health impact standard of living. Please respond in the form of a TEEEL paragraph.

Answers

For lower income people:

The more the government puts towards health care would mean there would be a higher quality of life for low income areas allowing them to get access to needed healthcare for no cost to them.

For higher income people / corporate entities:

it would mean higher taxes on the 1% and 0.1% of the richer people and raising taxes on corporations such as higher taxes on dividends.

Summary:

For a SoL on one side to change another side would have to lose.

Yankee Candle sells 500 candles in a week for a price of $10 each and the average cost of producing each candle is $5. Yankee Candle's total revenue is

Answers

Answer:

Explanation:

2500

Campbell's, the soup manufacturer, maintains a low-level of advertising during the entire year, but Campbell's advertises heavily during the winter months when people are cold and looking for something to help warm them up. What kind of advertising strategy is Campbell's most likely using

Answers

Answer:

Most likely to use commercial advertisements\ing, showing snow for the cooler winter times, Thanksgiving dinners with people and their loved ones for a warm thanksgiving dinner, this could be followed along with kids and/or elders getting a cold or flu during this winter season using Campbell’s soup as a way for them to “warm up”, because who doesn’t want a hot bowl of soup when they have a cold?

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BLACK FRIDAY is related to business and finance in numerous ways and has become a very popular shopping event. Now that you have learned a little bit about the history and business strategies used for offering BLACK FRIDAY DEALS let’s put your purchasing power to the test.
-Find a gift for the person described in the scenario below using BLACK FRIDAY deals online. -Pick a gift that also stays within the BUDGET you have been given for each purchase.
-You can only use the SOURCE (i.e. store online) ONCE. For example, you can use AMAZON only one time.
-NO GIFT CARDS CAN BE USED AS A GIFT SOLUTION.
-You will need to include the following information for each person: Name of Gift Idea, Brief Description of the Gift, Website utilized, and Price of the Gift.

Donald is 38 years old and attends Culinary Arts School at Kirkwood Community College in Cedar Rapids. He would like to become a chef in Chicago someday.
BUDGET: $120.00?




Mia is five years old. Favorite play themes for Mia include Transformers and Mario.
Her favorite color is red.
BUDGET: $45.00?




Sasha has her own dog-sitting business. As an 8th grader at NW Junior High, she has many customers and little free time to really enjoy the weekend. She has a German Shepard named CALICO.
BUDGET: $100.00?




You work at Hy-Vee as a checker and your manager has been very generous with allowing you to take time off for your school activities. You decide to thank them with a small token of your appreciation.
BUDGET: $20.00?




CONGRATULATIONS! You have won a drawing for a $200 shopping spree at your favorite store. What are you buying? (Spend the whole amount, if you can).
BUDGET: $200.00?

Answers

Black Friday is the largest shopping day in the USA. Together with Cyber ​​Monday three days later, it marks the start of Christmas shopping and many Americans start decorating for Christmas and shopping.

Many people visit parents or other relatives during Thanksgiving, which often means a trip, and they therefore do not work on Fridays, but can, for example, engage in shopping. A number of American online stores offer cheaper goods these days and then also target customers outside the United States. Many stores open early, some as early as midnight, others at 5 or 7 in the morning, and close late, for example at 11 p.m.

Although Black Friday is not an official day off in the United States, all schools and many workplaces are closed, to enable a four-day holiday with Black Friday as a so-called squeeze day.

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Appleville is a village that specializes in all forms of apple products. Suppose that each winter, when no apples are being produced, aggregate output falls below the long-run equilibrium output level. What type of fiscal policy might be most effective in correcting this problem

Answers

The type of fiscal policy which might be most effective in correcting this problem is:

C) Increasing government spending in order to increase aggregate demand.

According to the given question, we are asked to state the  type of fiscal policy which might be most effective in correcting this problem of the village  which loses its aggregate output.

As a result of this, we can see that the fiscal policy which can solve this problem is by increasing the government spending so that the aggregate demand would be increased.

Therefore, the correct answer is option C

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