Atotal of 10,000 was invested in two business ventures. A and B. At the end of the first year, A and B yielded retums of 6% and 5.75% respectively in the original investment. How was the original amount allocated if the total amount earned was $588.75?

SWFT Essntl Tax Individ/Bus Entities 2020
23rd Edition
ISBN:9780357391266
Author:Nellen
Publisher:Nellen
Chapter13: Corporations: Earning & Profits And Distributions
Section: Chapter Questions
Problem 7BCRQ
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Atotal of 10,000 was invested in two business ventures. A and B. At the end of the first year, A and B yielded retums of 6% and 5.75% respectively in the original investment. How was the original amount allocated if the total amount earned was $588.75?

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