Adaptive Math MTH 209 Week 3 3a, 3b, 3c

I have this math class due in 2.5 hours. I need it done ASAP. 

 

 

 

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its necessary for tomorrow on time plz ?

The assighnment is uploded 

 

take a look ..

 

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Are you included? Personal Analysis

Supporters of full inclusion assert that all students, regardless of language or intellectual ability, should be educated within the same classroom environment where the curriculum is adapted to meet everyone’s needs. Advocates for this model believe it most closely resembles the ‘real world’ where society is fully integrated professionally and personally and that all students deserve an equal opportunity to be provided access to the core curricula. Those who oppose full inclusion feel it is academically and financially unrealistic for schools to provide an appropriate education experience with such a diverse population in one classroom setting, where forcing all students to conform to one teaching model is more exclusionary than providing various education service models (e.g., resource, pull-out, self-contained). 

Your focus:

Imagine you are a 5th grade teacher in a full inclusion model classroom with 28 students. The class is being co-taught by you and a special education teacher. Three students are ELL, five have an IEP for various mild/ moderate disabilities including two students who have been identified as having an emotional/behavioral disability. 

Madison B. is one of your non ELL, non-disabled students. Madison’s mom, Mrs. B is a concerned parent and indicates that Maddy comes home complaining about boredom; there are too many other kids in the class and Maddy has to wait a long time to get help. 

Part 1: 

Explain in a detailed one- to two-paragraph response how will you address Mrs. B’s concerns and help her feel that you and your classroom is a good fit for Maddy? Consider how you will handle this concern to make the class support Maddy’s needs. What will you tell the mom and what will you do differently in the classroom for Maddy? How will you continue to support the needs of the other students at the same time?

Be mindful that most principals expect the teacher(s) to differentiate the instruction in order for all students to benefit from the instruction. 

Part 2: 

In a separate paragraph, explain your view of full inclusion in this kind of a situation.

Part 3: 

Construct a two-to-four page reflection, not including title and reference pages, following proper APA 6th edition formatting requirements that describes your vision for inclusion practices of diverse populations such as in this example.  In an unbiased perspective, explain how you would handle this situation in your current or future classroom. Use citations from reliable web pages, journals, and scholarly articles to help you formulate a solid response. Be sure to use at least two references to support your decision.

  • Use citations from reliable web pages, journals, and scholarly articles to help you formulate a solid response. Be sure to use at least two references to support your decision.

  • Writing will contain no errors in grammar, spelling, or punctuation.

  • Paragraphs will include clear topic sentence and transition sentences making the writing flow.

  • Submit the assignment for evaluation not later than the final due date listed on your course schedule.
 

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STE Continental Europe III: Modern Drama

ANNOTATED RESEARCH on the Internet

Research a literary, cultural, biographical, or historical subject from Lessons 1-6 (author, work, genre or period) on the Web.
–Pick a topic to help you understand this part of our survey of world literature.
–Pick 3 different articles to summarize and evaluate, and post this Webliography in Module 6 (here). 
–You need a topic, and 3 articles related to it. (Vary search terms & engines as needed. Appropriate websites or webpages: essays, reviews, history, definitions, etc. Not ‘news.’) 
–Summarize and then critique in 3 entries, pairs of bullets or numbered paragraphs.
–Identify also below which article is the best (and which the worst), and explain why. 

The trick is to think of what your reader needs:     Post the results of your search for sources on your selected topic. Focus on one idea.

 

  1. Focus on one idea. Explain what you are researching and why.
  2. Find THREE substantial webpages (roughly the same as print articles).
    1. Give a full citation (MLA format). Cite EACH of your THREE sources fully. Web addresses are NOT enough.
    2. Write a thorough but succinct summary of each: summarize what is important about each webpage (–and its host website), including specifics on the topic and how it is developed, explanation of point of view and/or purpose, the format of the webpage, the quantity and quality of background links, and at least one distinctive example.
  3. Critique each article for its:
    1. A) quality of writing,
    2. B) quantity or quality of informativeness,
    3. and C) ease and variety of uses.
  4. Add a conclusion to your research on this topic: Which website is the best, and why? Which website is the least helpful or informative? Be specific, and prove your point.
  5. Write clearly, and proofread. Here is my modified-MLA formula to cite each source (but note that the commas that just separate the required elements here are not needed in practice):

    NAME if available, “ARTICLE TITLE” or “WEB PAGE TITLE,” MAGAZINE or WEBSITE TITLE or SPONSORING INSTITUTION, (DATE OF PUBLICATION) if available: PUBLISHED PAGES if available, <INTERNET ADDRESS>,  DATE OF ACCESS if necessary, [PRINTED PAGES] or [WORD-PROCESSOR PAGES] if necessary.

 

 

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human resources homework

Most of us have situations in which we find it difficult to communicate. Improving your written communication skills and being comfortable speaking to people are extremely important. Develop a two- to three-page APA-formatted paper in which you analyze your personal communication skills. Be sure to address the following:

  • Describe the assessment you used to analyze your skills. 
  • Discuss your communication gaps. 
  • Describe any additional training you need in specific areas of communication. 
  • Analyze how you can improve your current communication skills to prepare you for advancement in your profession. 

 

Your paper must be two to three pages (not including title and reference pages) and must be formatted according to APA style as outlined in the approved APA style guide. You must cite three to four scholarly sources in addition to the textbook.

 

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individual project 5

 

Task Name: Phase 5 Individual Project
Deliverable Length: Part 1 (Sections 1–4): 900–1,000 words; Part 2 (Section 5): 300–500 words

 

Details: Weekly tasks or assignments (Individual or Group Projects) will be due by Monday, and late submissions will be assigned a late penalty in accordance with the late penalty policy found in the syllabus. NOTE: All submission posting times are based on midnight Central Time.

Key Assignment

Part 1 Tasks (Objectives from Phases 1–4): My Personal Customer Profile.

Using the information that you have researched about your own buying behavior during Phases 1–4, it is time to create your personal customer profile.

For this Key Assignment draft, you are compiling all of your ideas related to social, group, and anthropological views of consumer behavior and the influences and effects of social class, family structure, cultural background, and group identification. You are also considering how technology, the economy, and political factors influence your consumer behaviors, create customer retention, and help you understand your own consumer behavior.

The profile is designed to explain your personal buying habits and behaviors—essentially why you buy.

Your customer profile will include the following sections:

Section I: Why Do I Buy? My Buying Behaviors and Attitude

This section will include information about what motivates you to purchase products or services. It will show how your cultural and societal influences are interrelated in your buying choices. Katz (1937) noted that consumer attitudes exist to satisfy one of these 4 functions: Utilitarian, Value-Expressive, Ego-Defensive, and Knowledge.

Section 1 should include the following:

  • Your photo
  • An analysis of 3 purchases that you made recently with reasons why you bought the products or services
  • Explain 1 societal influence that affected the purchases.
  • Explain 1 group influence that affected the purchases.
  • Explain 1 cultural influence that affected the purchases.
  • An analysis of your buying attitude and its influence on your consumer buying decisions
    • Click here for additional information on consumer attitudes.

Choose 1 of the buying attitudes in the following table, and explain why you buy. Include an example of a product or service that matches this buyer attitude and purchasing behavior.

 

My Buying Attitude

Why I Buy

Utilitarian: Individuals with this attitude buy based on the amount of pain or pleasure that it brings.

 

Value-Expressive: Individuals with this attitude buy based on how the product affects their social identity.

 

Ego-Defensive: Individuals with this attitude believe that a certain product or service may compromise their self-image.

 

Knowledge: Individuals with this attitude examine facts and real-world situations when buying a product.

 

Section 2: What Speaks to Me? My Communication Style

This section examines your personal communication style and how it affects your buying choices. This section will also include what type of advertising messages and appeal influence your purchase decisions.

Section 2 should include the following:

  • An explanation of what advertising appeal attracts your attention the most and why. To help you get started, click here.
  • An analysis of how a brand can get your attention quickly and effectively to make you a lifelong, loyal customer.
    • Include an example of an ad that appealed to you and why. It can be a print ad, social media site, television or radio commercial, direct mail piece, or any communication that “spoke” to you and made you consider purchasing the product.

 

My Buying Attitude

Ad Message Appeal: Why the Message Spoke to Me

Utilitarian: Individuals with this attitude buy based on the amount of pain or pleasure that it brings.

 

Value-Expressive: Individuals with this attitude buy based on how the product affects their social identity.

 

Ego-Defensive: Individuals with this attitude believe that a certain product or service may compromise their self-image.

 

Knowledge: Individuals with this attitude examine facts and real-world situations when buying a product.

 

Section 3: What Can I Buy? My Demographic and Psychographic Profile

This section includes your demographic and psychographic information.

Section 3 should include the following:

  • Your demographic statistics:
    • Age
    • Gender
    • Income
    • Marital status
    • Education
  • Your psychographic factors:
    • Lifestyle interests
    • Habits
    • Hobbies
  • Analyze your present social class and its influence on your lifestyle choice and purchasing decisions, including how your customer profile influences purchases. Consider the following:
    • Your personality traits
    • Your social class
    • Your lifestyle
    • Your cultural background
    • Your family roles and influences

Section 4: My Likes and Product Preferences

This section looks at how your behaviors, attitudes, communication style and demographic and psychographic information draw you to certain products.

Section 4 should include the following:

  • Develop a product preference section analyzing how your behaviors, attitudes, communication style, and demographic and psychographic information draw you to certain products.
  • Explain what brand fits each of your product preferences or lifestyle choices and why.
  • Conduct this analysis for the following categories of products:
    • Car
    • Education
    • Technology
    • House
    • Food and beverage
    • News

Part 2 Tasks (Objectives from Phase 5)

Section 5: My Blog Response: Why I Buy Stuff

Based on your previous analysis, respond to a blog that you are interested in from a company Web site or community discussion.

Add a copy of what you posted to the blog and a short summary in about 150–200 words.

Section 5 should include the following:

  • Your selected blog’s link, your post, and a summary of the response
  • What information you learned and researched about your buying habits for the blog post
  • Observations and reflections about how you might approach buying products and services in the future based on what you now know about your own consumer behavior

Your final Key Assignment should include the following sections:

  • Section 1: Why Do I Buy? My Buying Behaviors and Attitude
  • Section 2: What Speaks to Me? My Communication Style
  • Section 3: What can I Buy? My Demographic and Psychographic Profile
  • Section 4: My Likes and Product Preferences
  • Section 5: My Blog Response: Why I Buy Stuff

Objective:

 
  • Discuss the social, group, and anthropological views of consumer behavior.
  • Examine the effects of social class, family structure, cultural background, group identification, and other social factors on consumer behaviors.
  • Analyze the technological, economic, and political factors that influence consumer behaviors.
  • Examine the influences of sustainability, social justice, and globalization, consumer politics and legislation issues on consumers.
  • Explore the ways knowledge and decision-making of groups and society can be used to increase customers, customer retention, purchases, and our understanding of consumer behavior.

 

 

References

Dean, G. (2010). Understanding consumer attitudes. Retrieved from the Marketography Web site: http://marketography.com/2010/10/17/understanding-consumer-attitudes

Evic, U. (2011). Guide to advertising appeals – The 7 ad appeals explained. Retrieved from the Ezine Articles Web site: http://ezinearticles.com/?id=5781979&Guide-to-Advertising-Appeals—The-7-Ad-Appeals-Explained

Katz, D. (1937). Attitude Measurement as a Method in Social Psychology. Social Forces, 15, 479–482. Retrieved from http://www.brocku.ca/MeadProject/Katz/Katz_1937.html

 

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can you handle this one

1. What is ‘status inconsistency’?  Provide an example and how the provided example might influence your social interaction with the person or group.

2. What is meant by ascribed status, achieved status, and master status?  Provide an example of each of these from your life.

3. What is the social construction of reality?  Give an example

4. What is the difference between role conflict and role strain?  Give an example of each.

5. Name at least four social institutions that are common to all industrialized societies (as identified by your book).

 

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To Cite or Not to Cite

“To Cite or Not to Cite” – Please compose a fifty (50) word response to two (2) of the scenarios below (100 words total). You may post your responses as separate “replies” or as one “reply.”

Explain why the writers of two (2) of the scenerios below were right or wrong in their decisions to cite or not to cite sources:

  1. Shakespeare died over 400 years ago. So, Hiram inserted a quote by Shakespeare from the play Hamlet into an essay without using quotation marks or citing the reference.
  2. Beattie noted in his history paper the fact that representatives from the 13 British colonies signed the United States Declaration of Independence in 1776, but he did not cite a source for the information.
  3. When taking notes about the American Revolution, Sara found a quote of Benjamin Franklin’s words, which she paraphrased. She inserted it into her paper without quotation marks or a reference to Benjamin Franklin.
  4. Jeffery wrote a paper on popular music in which he claimed that many songs came from earlier sources. He included the entire song lyrics from the Beatles and compared them to the lyrics of a song by a folk singer from the 1930s. He cited the Beatles. Although he included the lyrics from the 1930 song, he did not include a reference to the source.
 

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Taxation and Business Law

For each question , unless the question expressly provides to the contrary, you should assume that:

  1. all events occurred in ‘the current taxable year;’
  2. all persons are United States citizens;
  3. there is no tax avoidance purpose for any transaction, and that with respect to any mortgage on any property, there was a bona fide business purpose for incurring or assuming the debt;
  4. whenever a party receives encumbered property, the party   assumed the mortgage, even if not specifically stated; 
  5. there is no special election made unless the facts specifically state that there is an election made and in effect;
  6. in all cases, that there is only one class of stock issued and outstanding in any corporation, and that class is common voting stock;
  7. with respect to each partnership question, the partnership has no hot assets, has no debts or other liabilities, and does not have a Section 754 election in effect;
  8. with respect to each partnership question, each partnership is a general partnership; and
  9.   with respect to each partnership question, there are no special allocation provisions contained in any partnership agreement.

Choose the letter for the choice that best answers the question or completes the sentence.

 

 

 

 

 

 

 

 

 

 

 

Questions

 

1.             Jack  owns 60 percent of Corporation. Corporation had acquired land known as the Parcel in January of 2000 for $68,000 and held the Parcel  for investment purposes. During the current taxable year, Corporation sold the Parcel to Jack for $65,000 which amount was equal to the fair market value of the Parcel. Shortly after receiving the Parcel, Jack, never having made any gifts before, gave the Parcel  to his friend Tom from college when the property was worth $70,000.  Tom sold the Parcel two years later to Sue, a person not related to Corporation, Jack, Sue, or Tom, for $75,000.  How much gain or loss is realized and recognized as a result of these three transfers?

 

a.              Corporation realizes a loss of $3,000 and  recognizes a loss of 3,000 on the sale; Jack realizes a gain of $8,000 and recognizes a gain of 5,000 on the transfer to Tom; Tom realizes a gain of $5,000 and recognizes a gain of $2,000 on the transfer to Sue.

b.             Corporation realizes a loss of $3,000 and recognizes a loss of 3,000 on the sale; Jack realizes a gain of $5,000 and  recognizes a gain of 5,000 o the transfer to Tom; Tom realizes  gain of $5,000 and recognizes a gain of $2,000 on the transfer to Sue.

c.             Corporation realizes a loss of $3,000 and recognizes a loss of 0 on the sale; Jack does not realize or recognize any gain or loss on the transfer to Tom; Tom realizes a gain of $10,000 and recognizes a gain of $10,000 on the transfer to Sue.

d.             Corporation realizes a loss of $3,000 and recognizes a loss of 0 on the sale; Jack realizes a gain of $5,000 and recognizes a gain of $5,000 on the transfer to Tom;  Tom realizes a gain of $5,000 and recognizes a gain of $5,000 on the transfer to Sue.

 

 

 

2.             Corporation had the following income and expenses during the current taxable year:

 

Income from operations                                                                                               $250,000

Expenses from operations                                               $120,000

Dividends received (from a 70 percent-owned corporation))                                 $ 80,000

Cash charitable contributions                                        $25,000

 

How much is Corporation’s charitable contribution deduction for the current taxable year?

 

 

a.             $15,000.

b.             $21,000.

c.             $25,000.

d.             $30,000.

 

 

3.             On the last day of the year, XYZ Corporation  made a nonliquidating distribution to Jane, its sole shareholder, of  $110,000 in cash.  The corporation’s earnings and profits were $100,000 on the last day of the year.   How much was the total dividend income received by the shareholder as a result of the distribution made by XYZ Corporation?

 

a.             0.

b.             $100,000 dividend.

c.             $110,000 dividend.

d.             None of the above.

 

 

4.             Tom and Jenny formed TJ Inc., a corporation, in 2011.  Tom received 70 shares of the voting common stock, the only class of stock of the corporation, in exchange for property, and Jenny received  30 shares that were issued in exchange for her accounting services.  In 2013, Tom transferred additional property to TJ Inc. The property had an adjusted basis to Tom of $60,000 and a fair market value of $70,000 on the date of the transfer.  On the same day, and in exchange for the property he transferred to TJ Inc., Tom received cash of $15,000 and an additional 55 shares of stock worth $55,000.  How much gain was recognized by Tom as a result of this transaction?

 

a.             0.

b.             $10,000.

c.             $15,000.

d.             $25,000 .

 

 

 

5.             Debra transferred property to her solely owned corporation,  DA Inc. The property had an adjusted basis to Debra of $60,000 and a fair market value of $100,000 on the date of the transfer and the corporation assumed an $80,000 liability on the property.  On the same day, and in exchange for the property she transferred to DA Inc., Debra received a payment of $10,000 and 10 additional shares of SDA Inc.’s only class of stock.  How much gain was recognized by Debra as a result of this transaction?

 

a.             0.

b.             $10,000.

c.             $20,000.

d.             $30,000.

e.             $40,000.

 

 

 

6.             Sue transferred a building to her newly formed corporation, SUECO, Inc. The building had an adjusted basis to Sue of $75,000 and a fair market value of $150,000 on the date of the transfer.  The building was encumbered by a mortgage of $100,000, which SUECO Inc. assumed.  On the same day, and in exchange for the building she transferred to SUECO Inc., Sue received 100 percent of SUECO’s only class of stock. What is Sue’s total basis in the stock she received from SUECO?

 

a.             $25,000.

b.             $50,000.

c.             $75,000.

d.             $100,000

 

 

 

7.             Sam created MNO Inc. several years ago and has owned all 10 outstanding shares of MNO Inc. since the creation of MNO Inc. The fair market value of those shares is now $50,000.  Sam’s friend, Kal, owns a building having a fair market value of $450,000 and an adjusted basis to Kal of $100,000. The building is encumbered by a $130,000 mortgage.  Earlier this month, Sam and Kal discussed Sam’s becoming involved in the business of MNO Inc., and as a result of these discussions, Kal transferred the building to MNO Inc. and in exchange for the building, MNO Inc. transferred to Kal 90 shares of authorized but not previously issued stock of MNO Inc. How much gain does Kal realize and recognize as a result of these transfers?

 

a.                   Realized gain of 0 and recognized gain of 0.

b.                   Realized gain or $350,000,  none of which is recognized.

c.                    Realized gain of $350,000 and recognized gain of $340,000.

d.                   Realized gain of $350,000 and recognized gain of $30,000.

 

8.             Tom owned all of the outstanding stock of  NEWCO3 Corporation.  Tom transferred a building, cash, and publicly traded stock to NEWCO3 Corporation. The adjusted basis and the fair market value of the assets transferred to NEWCO3 Corporation, and the amount remaining on the mortgage on the building transferred, were as follows:

 

                                                                                Basis                      Value                     Amount

 

Building                                                                $20,000                                 $55,000

Mortgage on building                                                                                                       $45,000

Cash                                                                         $5,000                   $5,000

Publicly traded stock                                        $15,000                 $12,000

 

In exchange for the assets transferred to NEWCO3 Corporation, Tom received additional stock of NEWCO3  Corporation.  How much gain did Tom recognize as a result of this transaction?

 

a.             0.

b.             $5,000.

c.             $25,000.

d.             $27,000.

e.             $45,000.

 

 

 

 

Fact Pattern for Questions 9 and 10: Sandra owned an equipment rental business in her sole name for four years. In January of 2013,  Sandra transferred the equipment to ABC Rental Corporation, a newly formed corporation.  Sandra received all of the stock of ABC Rental Corporation  in exchange for the equipment. At the time of the transfer of the equipment to ABC Rental Corporation, Sandra’s adjusted basis in the equipment was $50,000, the fair market value of the equipment was $150,000, the equipment was subject to a security agreement and note assumed by the corporation in the amount of $70,000, and there was depreciation recapture potential of $12,000. Sandra received stock of ABC Rental Corporation worth $80,000.

 

9.             How much gain did Sandra recognize as a result of the transaction, and what was the character of the gain?

 

a.             Sandra recognized $12,000 of gain, all of which was ordinary income.

b.             Sandra recognized $20,000 of gain, at least $12,000 of which was ordinary income.

c.             Sandra recognized $30,000 of gain, at least $12,000 of which was ordinary income.

d.             Sandra recognized $100,000 of gain, all of which was ordinary income.

 

 

 

10.          As a result of the transaction in question 9, what is the corporation’s basis in the equipment?

 

a.             $50,000.

b.             $70,000.

c.             $150,000.             

d.           $170,000.

 

 

 

 

 

 

11.          NEWCO Inc. had current earnings and profits of $150,000 when it made a nonliquidating distribution to an individual shareholder of land that NEWCO Inc. held for use in its business.  On the date the land was distributed, NEWCO Inc.’s adjusted basis in the land was $120,000, the fair market value of the land was $160,000, and the land was encumbered by a $140,000 mortgage, which liability was assumed by the shareholder. After the distribution, how much are NEWCO Inc.’s earning and profits?

 

a.             $130,000.

b.             $150,000.

c.             $160,000.

d.             $170,000.

 

 

12.          Big Corporation distributed land to its sole shareholder, Little Corporation, in a liquidating distribution.  At the time of the distribution, the land had a fair market value of $240,000 and Big Corporation’s adjusted basis in the land was $200,000. The land was encumbered by a $230,000 mortgage. How much gain did Big Corporation recognize as a result of the distribution?

 

a.             0.

b.             $10,000.

c.             $30,000.

d.             $40,000.

 

13.         For the current taxable year,  Corporation’s gross income from operations was $1,000,000 and its expenses from operations were $1,500,000.  Corporation also received a $600,000 dividend from a 10 percent-owned corporation. How much is Corporation’s taxable income for the current taxable year?

 

a.             0.

b.             $70,000.

c.             ($320,000.)

d.             $420,000.

 

 

14.          A tract of land was distributed by MNO Inc. to its sole shareholder, Martha, as a dividend. At the time of the distribution, MNO Inc.’s adjusted basis in the land was $40,000, the fair market value of the land was $80,000, and the land was encumbered by a $55,000 mortgage. Which of the following statements is accurate?

 

a.             MNO Inc.’s earnings and profits must be increased by $40,000 , the amount of the unrecognized gain, and decreased by $40,000 (the adjusted basis of the land), and increased by $55,000 (the amount of the liability).

b.             The net adjustment to MNO Inc’s earnings and profits is $40,000, the amount of the recognized gain.

c.             The distributing corporation’s realized gain of $40,000 is recognized to the extent of the $15,000.

d.             None of the above statements is accurate.

 

 

 

 

 

 

 

 

15.   Medium Inc. had one class of stock outstanding. The one class of stock was owned 50 shares by Linda, 30 shares by Linda’s mother, and 20 shares by Linda’s grandmother. On December 31, 2012, Medium Inc. redeemed 20  of Linda’s 50 shares, and in exchange for the stock, Medium Inc. distributed to Linda a building that had an adjusted basis to Medium Inc. of $10,000 and a fair market value of $50,000.  Assume that Medium Inc.’s current earnings and profits were  $200,000, there were no accumulated earnings and profits, and Linda’s total basis in her stock before the redemption was $20,000.  How much is Linda’s basis in her remaining stock after the redemption, and what is her basis in the building?

 

a.             Stock basis: $10,000; building basis: $10,000.

b.             Stock basis: $10,000; building basis: $50,000.

c.             Stock basis: $20,000; building basis: $10,000.

d.             Stock basis: $20,000; building basis: $50,000.

e.             None of the above.

 

 

 

16.          MJJM Inc.  has four equal shareholders who are unrelated.  Each shareholder owns 300 shares of the common stock of MJJM Inc. representing all of the stock of MJJM Inc.  During the taxable year, as part of a single transaction, MJJM Inc. redeemed stock from three of the shareholders.  Specifically, MJJM Inc. redeemed  150 shares from Michael, 75 shares from Joseph, and 40 shares from John. Who will receive exchange treatment as a result of the redemption?

 

a.             Michael and Joseph, as the transaction was not essentially equivalent to a dividend.

b.             Joseph only, because the redemption was substantially disproportionate as to Joseph.

c.             Michael only, because the redemption was substantially disproportionate as to Michael.

d.             No one, and each of Michael, John, and Joseph will receive dividend treatment.

 

 

 

Fact Pattern for Questions 17 and 18.           Happy Inc. is a calendar year corporation. Happy Inc. had no accumulated earnings and profits, but had $100,000 of current earnings and profits in 2012.  On December 31, 2012, Happy Inc. distributed a total of $160,000 to its two equal shareholders, Betty and Bob.  On the date of the cash distribution, Betty’s basis in her Happy Inc. stock was $10,000 and Bob’s basis in his Happy Inc. stock was $30,000. 

 

17.       How much does Betty include in her gross income for the current taxable year with respect to the distribution to her?

 

a.             $50,000 dividend income and $10 capital gain.

b.             $80,000 dividend income and 0 capital gain.

c.             $0 dividend income and $70,000 capital gain.

d.             $50,000 dividend income and $20,000 capital gain.

 

 

18.          What is Bob’s adjusted basis in his EFG Inc. stock after the distribution?

 

a.             0.

b.             $5,000.

c.             $15,000.  

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