Solve the Problem Determine the Winner Using the Hare Method and State Whether

question 50

Multiple Choice

Solve the problem.
-Computer Specialists is planning a group vacation to one of the following locations: Alaska (A) , Florida (F) , San Antonio (S) , or Hawaii (H) . The employees rank the four possible sites according to The following voter profile.
$\begin{array} { c | l } \text { Number of Votes } & \text { Ranking } \\\hline 5 & \mathrm {~A} > \mathrm { H } > \mathrm { F } > \mathrm { S } \\7 & \mathrm { H } > \mathrm { S } > \mathrm { A } > \mathrm { F } \\4 & \mathrm {~F} > \mathrm { S } > \mathrm { H } > \mathrm { A } \\7 & \mathrm {~A} > \mathrm { F } > \mathrm { S } > \mathrm { H } \\5 & \mathrm {~A} > \mathrm { H } > \mathrm { S } > \mathrm { F } \\6 & \mathrm { H } > \mathrm { F } > \mathrm { S } > \mathrm { A } \\8 & \mathrm {~F} > \mathrm { S } > \mathrm { A } > \mathrm { H }\end{array}$
Determine the winner using the Hare method and state whether the winner received a majority of
Votes.

• A)Hawaii; yes
• B)Alaska; yes
• C)Alaska; no
• D)Hawaii; no

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Definitions:

Involuntary Conversion

An event where property is destroyed, stolen, condemned, or disposed of under the threat of condemnation, and the owner receives other property or compensation in replacement.

Recognized Gain

The portion of gain considered for tax purposes when an asset is sold or disposed of, which may differ from the actual profit realized.

Basis

The initial value of an asset for tax purposes, used to determine gain or loss on sale or disposition.

Rental Property

Real estate property that is owned by an individual or entity and rented out to tenants in exchange for monthly rental payments.