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Debtor files for bankruptcy on December 1, 2020. The bankruptcy trustee will find the following things. Tell me if each of these are examples of

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Debtor files for bankruptcy on December 1, 2020. The bankruptcy trustee will find the following things. Tell me if each of these are examples of a preferential treatment or not, and explain why

Debtor and First Bank entered into a loan agreement on February 1, 2020. The loan was for $100,000 at 5% interest. This was an unsecured loan. The loan was to be paid back on August 1, 2020 in full (102500). The debtor did not repay on August 1st but did send a partial payment of $25,000 to First Bank on September 30, 2020.

Same as above except the loan was to be paid back in one year with monthly payments of $8250. The debtor made payment every month starting with March 1st and ending on December 1st.

Creditor financed the purchase of inventory for the debtor in the amount of $50,000. There was a proper security agreement and financing statement. The inventory was delivered to the debtor on July 31, 2020. The financing statement was file in the proper place on September 15, 2020.

Creditor financed the purchase of a piece of equipment for the debtor in the amount of $100,000 on August 15, 2020. All of the proper documents were created. The equipment was delivered to the debtor on August 29, 2020. The creditor filed the financing statement at the

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Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2020, his taxable income is $450,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable.) a. All of his income is salary from his employer. X Answer is not complete. Amount Income tax $ 132,295 Net investment income tax Total tax liability $ 132,295O Required information [The following information applies to the questions displayed below.] Henrich is a single taxpayer. In 2020, his taxable income is $450,000. What is his income tax and net investment income tax liability in each of the following alternative scenarios? Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. (Do not round intermediate calculations. Leave no answer blank. Enter zero if applicable.) c. His $450,000 of taxable income includes $55,000 of long-term capital gain that is taxed at preferential rates. (Round your answers to 2 decimal places.) Amount Income tax Net investment income tax Total tax liability $ 0.00In general, individuals in the lowest two quintiles of the income distribution (Include all that apply) Question 24 options: pay no social security taxes are subsidied in terms of the personal income tax pay modest positive average personal income tax rates C pay high personal income tax rates. C pay no personal income taxes SaveQuestion 4 Which of the following paycheck withholdings puts money into a retirement investment fund the you will manage? Social Security O Medicare 401(k) contribution Federal income taxes Question 5

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