subject
Business, 09.10.2021 14:00 AndiLizzi

Stan and Anne were divorced in January 2018. The provisions of the divorce decree and Anne's obligations follow: (1.) Transfer the title in their resort condo to Stan. At the time of the transfer, the condo had a basis to Anne of $75,000, a fair market value of $95,000; it was subject to a mortgage of $65,000. (2.) Anne is to make the mortgage payments for 17 years regardless of how long Stan lives. Anne paid $8,000 in 2021. (3.) Anne is to pay Stan $1,000 per month for 10 years or until Stan dies. Of this amount, $300 is designated as child support. What is the amount of alimony from his settlement that is includible in Stan's gross income for 2021

ansver
Answers: 1

Another question on Business

question
Business, 22.06.2019 01:20
Suppose a stock had an initial price of $65 per share, paid a dividend of $1.45 per share during the year, and had an ending share price of $58. a, compute the percentage total return. (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answer as a percent rounded to 2 decimal places, e.g., 32.16.) b. what was the dividend yield and the capital gains yield? (a negative answer should be indicated by a minus sign. do not round intermediate calculations and enter your answers as a percent rounded to 2 decimal places, e.g., 32.16.)
Answers: 2
question
Business, 22.06.2019 13:10
The textbook defines ethics as “the principles of conduct governing an individual or a group,” and specifically as the standards one uses to decide what their conduct should be. to what extent do you believe that what happened at bp (british petrolium) is as much a breakdown in the company’s ethical systems as it is in its safety systems, and how would you defend your conclusion?
Answers: 2
question
Business, 22.06.2019 14:10
When a shortage or a surplus arises in the loanable funds market a. the supply of loanable funds changes to return the economy to its original real interest rate b. the nominal interest rate is pulled to the new equilibrium level c. the demand for loanable funds changes to return the economy to its original real interest rate d. the real interest rate is pulled to the new equilibrium level
Answers: 3
question
Business, 22.06.2019 16:00
Analyzing and computing accrued warranty liability and expense waymire company sells a motor that carries a 60-day unconditional warranty against product failure. from prior years' experience, waymire estimates that 2% of units sold each period will require repair at an average cost of $100 per unit. during the current period, waymire sold 69,000 units and repaired 1,000 units. (a) how much warranty expense must waymire report in its current period income statement? (b) what warranty liability related to current period sales will waymire report on its current period-end balance sheet? (hint: remember that some units were repaired in the current period.) (c) what analysis issues must we consider with respect to reported warranty liabilities?
Answers: 1
You know the right answer?
Stan and Anne were divorced in January 2018. The provisions of the divorce decree and Anne's obligat...
Questions
question
Biology, 24.12.2019 19:31
question
Social Studies, 24.12.2019 19:31
question
English, 24.12.2019 19:31
Questions on the website: 13722363