On May 1, Erik contributed $7,500 and property, with an adjusted basis of $9,500 and a fair market value (FMV) of $12,500, for a 35% share of partnership. What is his beginning basis?

In mexico, many garment or sewing shops found they could entice many young people to work for them if they offered clean, air conditioned work areas with high-quality locker rooms to clean up in after the work day. typically, traditional garment shops had to offer to get workers to apply for the hard, repetitive, and somewhat dangerous work. a. benchmark competitive wages b.compensating differentials c. monopoly wages d. wages based on human capital development of each employee