Lily tucker (single) owns and operates a bike shop as a sole proprietorship. this year, she sells the following long-term assets used in her business: asset sales price cost accumulated depreciation building $230,000 $200,000 $52,000 equipment 80,000 148,000 23,000 lily's taxable income before these transactions is $160,500.what are lily's taxable income and tax liability for the year? use tax rate schedule for reference. (do not round intermediate calculations.

How does the plaintiff, mrs. wood, try to implicate the gun manufacturer ( who testifies, what do they say, what evidence is introduced)?

Leticia has worked for 20 years in the public relations department of a large firm and has been the vice-president for the past ten years. it is unlikely she will ever be promoted to the top executive position in her firm even though she has directed several successful projects and is quite capable. her lack of promotion is an illustration of (a) the "glass ceiling" (b) the "glass elevator" (c) the "mommy track" (d) sexual harassment

Juan's investment portfolio was valued at $125,640 at the beginning of the year. during the year, juan received $603 in interest income and $298 in dividend income. juan also sold shares of stock and realized $1,459 in capital gains. juan's portfolio is valued at $142,608 at the end of the year. all income and realized gains were reinvested. no funds were contributed or withdrawn during the year. what is the amount of income juan must declare this year for income tax purposes?