The bcd partnership plans to distribute cash of $20,000 to partner brad at the end of the tax year. the partnership reported a loss for the year, and brad's share of the loss is $10,000. brad has a basis of $15,000 in the partnership interest, including his shaer of partnership liabilities. the partnership expects to report substantial income in future years.
a. what rules are used to calculate brad's ending basis in his partnership interest?
b. how much income or loss must brad report for the tax year?
c. will the deduction for any of the $10,000 loss be suspended?
d. could any planning opportunities be used to minimize the tax ramifications of the distribution?

You are chairman of the board of a successful technology firm. there is a nominal federal corporate tax rate of 35 percent, yet the effective tax rate of the typical corporation is about 12.6%. your firm has been clever with use of transfer pricing and keeping money abroad and has barely paid any taxes over the last 5 years; during this same time period, profits were $28 billion. one member of the board feels that it is un-american to use various accounting strategies in order to avoid paying taxes. others feel that these are legal loopholes and corporations have a fiduciary responsibility to minimize taxes. one board member quoted what the ceo of exxon once said: “i’m not a u.s. company and i don’t make decisions based on what’s good for the u.s.” what are the alternatives? what are your recommendations? why do you recommend this course of action?

Alocal barnes and noble bookstore ordered 80 marketing books but received 60 books. what percent of the order was missing?

Evaluate a real situation between two economic actors; it could be any scenario: two competing businesses, two countries in negotiations, two kids trading baseball cards, you and another person involved in an exchange or anything else. use game theory to analyze the situation and the outcome (or potential outcome). be sure to explain the incentives, benefits and risks each face.