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Sophie [7]
2 years ago
11

Assuming that the listing broker and the selling broker in a transaction split their commission equally, what was the sales pric

e of the property if the commission rate was 6.5% and the listing broker, after paying the selling broker, kept $2,593.50?
a. $88,400
b. $79,800
c. $76,200
d. $39,900
Business
1 answer:
Contact [7]2 years ago
5 0

Answer:

b. $79,800

Explanation:

the commission is split in two equal part

one for the listing broker and one for the selling broker.

if the selling kept 2,593.5

then, the listing also receive 2,593.5

We add them and obtain the total commission:  5,187

This represent the 6.5% of the property

now, we calculate for the total value of the real state:

property x broker commision = broker proceeds

property x 6.5% = 5,187

property = 5,187/6.5% = 5,187/.065 = 79,800

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Crane and Loon Corporations, two unrelated calendar year C corporations, have the following transactions for the current year.

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Compute the DRD for both companies

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DRD is a federal tax deduction for certain companies earning distributions from related entities in the United States. The amount of the dividend to be withheld from income tax by a corporation is related to how much it is owned in the business with the dividend.

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