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15. Professor DePaul purchases a Mustang in 2021 for $5,000. The car is now worth $100,000 at the end of 2023 . How much income

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15. Professor DePaul purchases a Mustang in 2021 for $5,000. The car is now worth $100,000 at the end of 2023 . How much income must Professor DePaul recognize in 2023? a. $100,000 b. $95,000 c. No income must be reported d. $95,000 if IRS finds out 16.Zuko had the following transactions during 2022 with their property. Zuko made a stock purchase in 2018 for $6,000. The stock is worth $10,000 at the end of 2022 . In addition, Zuko purchased a building in 2020 for $100,000. During 2021 the building needed a new roof which cost Zuko $15,000. The building was sold in 2022 for $165,000. What if any gain must Zuko must be recognized for 2022 ? e. $4,000 f. $69,000 g. $50,000 h. None 15. Professor DePaul purchases a Mustang in 2021 for $5,000. The car is now worth $100,000 at the end of 2023 . How much income must Professor DePaul recognize in 2023? a. $100,000 b. $95,000 c. No income must be reported d. $95,000 if IRS finds out 16.Zuko had the following transactions during 2022 with their property. Zuko made a stock purchase in 2018 for $6,000. The stock is worth $10,000 at the end of 2022 . In addition, Zuko purchased a building in 2020 for $100,000. During 2021 the building needed a new roof which cost Zuko $15,000. The building was sold in 2022 for $165,000. What if any gain must Zuko must be recognized for 2022 ? e. $4,000 f. $69,000 g. $50,000 h. None

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