Bob contributed a building with an adjusted basis to Bob of $50,000 and a fair market value of $150,000 subject to a mortgage of $120,000 in exchange for a 30 percent interest in the Alpha Partnership. Alpha will assume the mortgage on the building.

What is Alpha's basis in the building?

a. $0b. $30,000c. $50,000d. $84,000

Correct option is C.

$50,000

Explanation:

Alpha's basis in the building is equal to the adjusted basis of the building.

30% of $150,000= $50,000

and the Adjusted basis= $50,000(given)

answer: life insurance

explanation:

hi,

henry is an economist and wants to understand the relationship between inflation and consumer spending habits. for his research, he needs the consumer price index for 2014 and the inflation rate. based on the prices of goods given, what will he find to be the cpi and inflation rate for 2014? assume that a consumer’s basket for three consecutive years consists of the following:

you dont privide answer choices.

answer - 15% of a inflatation rate is 15% less in cpi