Answer:
$92,00
Explanation:
Base on the scenario been described in the question which we saw how Carly donated an to the church, when she purchased the gift, it was $100,000 but when she is to present the gift to the church, the fair market value became $92,000 which is her maximum charitable contribution deduction
the charitable deduction for ordinary income property is the lesser of fmv or basis limited to 50% of AGI
Answer:
A. $900
Explanation:
Section 351 states that no gain or loss shall be recognized if property is transferred to a corporation by one or more persons solely in exchange for stock in such corporation and immediately after the exchange such person or persons are in control (as defined in section 368(c)) of the corporation. Therefore, Rachelle's tax basis in the stock received in the exchange equals to the sum of the stock's fair market value of $750, $50 in cash, and the liability of $100 that the corporation credited into their book.
Answer: GDP talls by $800,000.; No. because the crime rate has not changed.
Explanation:
The gross domestic product (GDP) is the value in terms of money of every finished goods and services that are made within a country at a particular period of time. In the above question, since the community the community now spends $800,000 less on its police officers, expenditure will also reduce by $800,000. This means that the GDP falls by $800,000 because the gross domestic product include service expenses.
Welfare means the well-being of the individuals in the society. In this scenario, the expenses of the residents will be reduced but the crime rate remains the same. Therefore, the change in GDP does not accurately reflect the welfare.
Answer:
e) Gender balance
Explanation:
Gender balance in the board is good for maintaining equality in decision making. It also enables a culture to exchange ideas and diverse board will help in healthy discussions. It also enables a good image of company and helps reduce negative sentiments of multiculturalism among the employees and other stakeholders. It improves company performance with a variety of skills of various directors and brings good and positive impact to the company.
