Jenny corporation (an s corporation) is owned entirely by craig. at the beginning of 2016, craig's adjusted basis in his jenny corporation stock was $20,000. jenny reported ordinary income of $5,000 and a capital loss of $10,000. craig received a cash distribution of $35,000 in november 2016. what is craig's gain from the distribution?

If you were running a company, what are at least two things you could do to improve its productivity.

Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?

After the 2008 recession, the amount of reserves in the us banking system increased. because of federal reserve actions, required reserves increased from $44 billion to $60 billion. however, banks started holding more reserves than required. by january 2009, banks were holding $900 billion in excess reserves. the federal reserve started paying interest on the excess reserves that the banks held. what possible impact will these unused reserves have on the economy?