George and Georgette Divorced in 2017

question 40

Multiple Choice

George and Georgette divorced in 2017.George was ordered to pay (and does pay) Georgette $600 per month alimony and $800 per month child support.In addition, George transferred title to his half of their stock to Georgette last year.The stock had a basis of $120,000 and a fair market value of $260,000 at the date of the transfer.This year Georgette sells the stock for $280,000.What is Georgette's income for this year if she has no other income items?

• A)$7,200
• B)$19,200
• C)$159,200
• D)$167,200

Evaluate practical business scenarios to make informed decisions regarding production levels and pricing strategies.

Understand the basic principles of economics and financial decision-making.

Analyze the impact of marginal costs and revenues on production decisions.

Differentiate between fixed and variable costs and their relevance to business operations.