subject
Business, 16.06.2021 21:30 hala201490

In order to add an addition on to their home, Bill and Mary borrowed $80,000 from Mary's father Jim. The money is to be repaid in 5 years and Jim's only other financial requirement is that Bill and Mary pay him the 1% rate per year that he was earning from his online money market account. The mid-term AFR rate is 3%. Additionally, Bill and Mary have net investment income in the current year of $1,500. How much total income must Jim recognize on his taxes for the first year

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 01:30
Consider the following limit order book for a share of stock. the last trade in the stock occurred at a price of $50. limit buy orders limit sell orders price shares price shares $49.75 500 $49.80 100 49.70 900 49.85 100 49.65 700 49.90 300 49.60 400 49.95 100 48.65 600 a. if a market buy order for 100 shares comes in, at what price will it be filled? (round your answer to 2 decimal places.) b. at what price would the next market buy order be filled? (round your answer to 2 decimal places.) c. if you were a security dealer, would you want to increase or decrease your inventory of this stock? increase decrease
Answers: 2
question
Business, 22.06.2019 05:30
Excel allows you to take a lot of data and organize it in one document. what are some of the features you can use to clarify, emphasize, and differentiate your data?
Answers: 2
question
Business, 22.06.2019 16:00
Which plan offers a tax-free education?
Answers: 1
question
Business, 22.06.2019 19:00
In north korea, a farmer’s income is the same as a dentist’s income. in a country with a mixed or market economy, the difference between those two professions might be more than 5 times different. how can you explain the fact that individuals doing the same work in different countries do not earn comparable salaries?
Answers: 1
You know the right answer?
In order to add an addition on to their home, Bill and Mary borrowed $80,000 from Mary's father Jim....
Questions
Questions on the website: 13722363