Simonne, a single taxpayer, bought her home in La Jolla 25 years ago for $55,000 . She has lived continuously in the home since she purchased it. In the current year, she sells her home for $405,000 . What is Simonne's taxable gain on the sale?
a. $0
b. $90,000
c. $100,000
d. $350,000
c
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Which of the following statements is true about a minitrial?
A. A minitrial involves a six-member mock jury empaneled by the court that hears a shortened presentation of the case by the lawyers for each side and renders an advisory verdict. B. A minitrial differs from mediation in that the third-party to whom the dispute is submitted decides the outcome. C. A minitrial often involves a neutral third-party advisor who will render a nonbinding opinion, if a settlement is not reached, regarding how a dispute is likely to be resolved if it goes to trial. D. A minitrial is conducted under court guidance.
Which of the following is one of the five major promotion tools?
A) market penetration B) strategic positioning C) product line filling D) market diversification E) direct marketing
The ________ is an OSHA standard that requires an employer to provide a work environment free from recognized hazards that are causing or are likely to cause death or serious physical harm to employees
A) general duty standard B) specific duty standard C) code of wellness D) provision of nonhazardous work environment
A(n) ________ is a distribution of an estate in which each grandchild and great-grandchild of the deceased inherits equally with the children of the deceased
A) abatement B) per stirpes distribution C) per capita distribution D) ademption