Oriole Inc. loans money to John Kruk Corporation in the amount of $864,000. Oriole accepts an 8% note due in 7 years with interest payable semiannually. After 2 years (and receipt of interest for 2 years), Oriole needs money and therefore sells the note to Chicago National Bank, which demands interest on the note of 10% compounded semiannually. What is the amount Oriole will receive on the sale of the note

John and sue smith are a married couple who file a joint income tax return. they have two children, so they claim a total of 4 exemptions (based on calendar year 2015 tax law, a personal exemption of $4,000 per person or dependent can be deducted from total income). in addition, they have legitimate itemized deductions totaling $25,750. their total income from wages is $237,500. what is the couple’s taxable income? $195,750 $221,500 $229,500 $205,750