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6 - Paola buys her house for $ 5 0 , 0 0 0 . Years later she sells it for $ 3 1 9

6-Paola buys her house for $50,000. Years later she sells it for $319722. Assuming there are no improvements during their tenure or selling costs and Paola is single, how much of their capital gain income (profit from selling the house at a higher price than the original purchase price) is taxed according to the US tax system? State your answer as a number rounded to the nearest cent (e.g. if you get $13.57654, write 13.58)
7- You want to purchase an office building. The property contains 9190 square feet of rentable space and is currently occupied by multiple tenants, each with a recently renewed long maturity lease. The annual rent in the 1st year of ownership is $6/sq ft. The vacancy rate is 6.5%. You expect to incur collection losses (from tenant bankruptcy) on 1.5% of the square feet during your first year. What is the Potential Gross Income (PGI) for the first year? State your answer as a number rounded to the nearest cent (e.g. if you get $13.57654, write 13.58)

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