Karen purchased a rental property in 1995 for $45,000. In 2005 she traded this property and $10,000 in cash for a rental property valued at $105,000. In 2014, Karen sold that property for $135,000. What was her taxable income when she sold the property in 2014

In the context of your career choice, your own business skills cannot influence the level of your personal financial success. a. true b. false

Which statement about the cost of the options is true? she would save $1,000 by choosing option b. she would save $5,650 by choosing option a. she would save $11,200 by choosing option b. she would save $11,300 by choosing option a.

Carey company is borrowing $225,000 for one year at 9.5 percent from second intrastate bank. the bank requires a 15 percent compensating balance. the principal refers to funds the firm can effectively utilize (amount borrowed − compensating balance). a. what is the effective rate of interest? (use a 360-day year. input your answer as a percent rounded to 2 decimal places.) b. what would the effective rate be if carey were required to make 12 equal monthly payments to retire the loan?