On June 2, Ashley purchased 100 shares of stock for $10,000….

On June 2, Ashley purchased 100 shares of stock for $10,000. When it was worth $20,000, on December 25 of the same year, she gifted all the stock to her nephew, Richard. Richard sold the stock on the following October 15th, for its fair market value of $25,000. What is Richard’s tax consequence?

Bill, who is single, sells his personal residence to move fr…

Bill, who is single, sells his personal residence to move from Atlanta to Chicago due to being transferred by his employer. He has owned and used the house for 18 months. The sale price is $460,000, selling expenses are $25,000 and his adjustable taxable basis is $180,000. What, if any, is Bill’s taxable gain?

A CFP® certificant agrees to be bound by Continuing Educatio…

A CFP® certificant agrees to be bound by Continuing Education (CE) Requirements established by Certified Financial Planner Board of Standards. The CE Requirements for a regular continuing certificant (not a new certificant or a certificant who has been inactive) are as follows:

Write the answers on paper. After you are done, show the ans…

Write the answers on paper. After you are done, show the answers on the webcam. After you complete the entire exam, take a photo of the answers, crop, make sure it is clearly seen, and submit it in the assignment titled Exam2 Work within 10 minutes.  If your submission do not match with the work shown on the webcam, you will receive NO credit. What is the boiling point, in celsius, of water on top of a mountain where the atmospheric pressure is 5.2 x 102 torr? ∆Hvap of water is 40.7 kJ/mol.