(13.36) Here is the distribution of the adjusted gross income (in thousands of dollars) reported on individual federal income tax returns in 2011: Income <15 15−29 30−74 75−199 ⩾200 Probability 0.264 0.218 0.298 0.186 0.034 (a) What is the probability that a randomly chosen return shows an adjusted gross income of $30,000 or more? P(income ⩾ $ 30,000) (±0.001) = (b) Given that a return shows an income of at least $30,000, what is the conditional probability that the income is at least $75,000? P(income ⩾ $ 75,000 | income ⩾ $ 30,000) (±0.001) =

Tara incorporates her sole proprietorship, transferring it to newly formed black corporation. the assets transferred have an adjusted basis of $240,000 and a fair market value of $300,000. also transferred was $10,000 in liabilities, $1,000 of which was personal and the balance of $9,000 being business related. in return for these transfers, tara receives all of the stock in black corporation. a. black corporation has a basis of $241,000 in the property. b. black corporation has a basis of $240,000 in the property. c. tara’s basis in the black corporation stock is $241,000. d. tara’s basis in the black corporation stock is $249,000. e. none of the above.

The uno company was formed on january 2, year 1, to sell a single product. over a 2-year period, uno’s acquisition costs have increased steadily. physical quantities held in inventory were equal to 3 months’ sales at december 31, year 1, and zero at december 31, year 2. assuming the periodic inventory system, the inventory cost method which reports the highest amount for each of the following is inventory december 31, year 1/ cost of sales year 2 a: lifo fifo b: lifo lifo c: fifo fifo d: fifo lifo

Amarket that consists of all possible consumers regardless of their specific needs or wants is a