Sharon and Roger decide to open a dry-cleaning business. They borrowed money from a bank and hired one employee. What is one advantage of this business model? a no separation of ownership and control b ease of organizing the firm c shared expertise and responsibility d double taxation

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.

Acollege career counselor working at a community college is part of what career area? a. administration b. professional support services c. teaching and training d. guidance counseling

How might a recent college graduate's investment portfolio differ from someone who is near retirement