1. Wozniacki and Wilcox form Jewel LLC, with each receiving a one-half interest in the capital and profits of the LLC. Wozniacki receives his one-half interest as compensation for tax planning services he rendered prior to the formation of the LLC. Wilcox contributes $50,000 cash. The value of a one-half capital interest in the LLC (for each of the parties) is $50,000. A. How much income does Wozniacki recognize as a result of this transaction, and what is the character of the income?
B. How much is Wozniacki’s basis in the LLC interest?
C. How will Jewel treat this amount?
2. Assume in problem above, that Wozniacki received a one-half profits interest instead of a one-half capital interest. How much income does Wozniacki recognize as a result of this transaction, and what is the character of the income? Assume that the FMV of the interest received in this problem cannot be determined because this is a new LLC with no history and it is trying to market a totally new service.

Why are there so many types of diversion programs for juveniles

David burdick is the ceo of acme bubblegum, a successful public company. as one of the cofounders of the company, burdick has enjoyed speaking and writing about the success of acme bubblegum for several years. typically, he speaks at conferences or directly to the press, but recently, he has been blogging about his firm anonymously. specifically, he defended a recent advertising campaign that was unpopular among consumers and pointedly attacked one of acme bubblegum’s competitors. burdick deeply enjoys his anonymous blogging and believes that none of his readers actually know that he works for acme bubblegum.should burdick be allowed to praise his company’s performance anonymously online? should he be allowed to attack his competitors without disclosing his relationship with the company? how would you feel if the ceo of a company at which you shopped was secretly writing criticisms of his or her competition? how would you feel if you knew a writer for your favorite blog was actually closely involved in a company that the blog discussed? 1. define the ethical issue? 2. who are the primary stakeholders? 3. what are the possible alternatives? 4. how could you evaluate the ethical implications of the alternative actions (use appropriate decision rules)? 5. what action would you recommend and why?

Under t, the point (0,2) gets mapped to (3,0). t-1 (x,y) →