Kamir and javon form kj corporation, with each receiving 50% of the stock. kamir contributes equipment with a fair market value of $100,000 and an adjusted basis of $55,000, as well as services with a value of $15,000. javon contributes $115,000 in cash. what is kamir’s basis in the kj stock?

Adjusted basis for Kamir's share = $70,000

Explanation:

Adjusted basis for any share, is the original cost or value, and does not represent fair value, for any share.

Therefore, for calculating the adjusted basis for Kamir, the original value of all the contributions made by him will be considered.

His contributions are:

Equipment with fair value = $100,000 and adjusted basis = $55,000

Services with a value = $15,000

As for equipment adjusted basis is provided, therefore, that will be considered, and for services assuming this is the adjusted basis as not provided, $15,000 will be considered.

Therefore, adjusted basis for Kamir's share = $55,000 + $15,000 = $70,000.

the investment was $14,174.196

explanation:

a lump sum means that the father of the example made one deposit and leave it be.

we need to know the value of a capital that generated at 4.05% per year during 28 years the sum of $48,613.24

now clearing the formula to solve for capital we got:

and we reach the answer investment = $14,174.20

being born in poverty would limit the people's chances, opportunities and benefits.

this happen because of several things, such as:

- poor people tend to gain less access to good education and nutrition. this mean that their chance to obtain high paying jobs would also be limited.

- poor people tend to socialize with other poor people while the rich tend to socialize with other rich people. this means that simply throguh their social circle, rich people would have more business opportunities compared to the poor people.

- rich people tend to have more capital in their disposal. this would benefit them in business since it is far easier for them to fund their business operation compared to poor people.