Sarah and James Hernandez purchased 320 shares of Macy’s stock at $15 a share. One year later, they sold the stock for $35.00 a share. They paid a broker a commission of $7 when they purchased the stock and a commission of $11 when they sold the stock. During the 12-month period the couple owned the stock, Macy’s paid dividends that totaled $2.05 a share. Calculate the Hernandezes’ total return for this investment. (Do not round intermediate calculations. Round your answer to 2 decimal places.)

Angie and Cole operate a successful accounting business as a general partnership. Their partnership agreement specifies that they would share equally in the profits and losses of the business. During the last fiscal year, Angie received regular bi-weekly cheques in the amount of $2,000, for a total of $52,000. At the end of the year, she received an additional cash distribution of $30,000. Over the course of the last fiscal year, the business realized a profit of $152,000. How much income does Angie have to report for tax purposes from the partnership? O a) $52,000 O b) $76,000 O c) $82,000 • d) $158,000

Donald Jefferson and his wife, Maryanne, live in a modest house located in a Los Angeles suburb. Donald has a job at Pittsford Cast Iron that pays him $50,000 annually. In addition, he and Maryanne receive $2,500 interest from bonds that they purchased 10 years ago. To supplement his annual income, Donald bought rental property a few years ago. Every month he collects $3,500 in rent from all of the property he owns. Maryanne manages the rental property, and she is paid $15,000 annually for her work. During 2015, Donald had to have the plumbing fixed in the houses that he rents as well as the house in which he and Maryanne live. The plumbing bill was $1,250 for the rented houses and $550 for the Jeffersons’ personal residence. In 2015, Donald paid $18,000 for mortgage interest and property taxes—$12,650 was for the rental houses, and the remaining $5,350 was for the house occupied by him and his wife. The couple has three children who have graduated from medical school and now are…

Peter Gunderson bought 2,000 shares of stock in a transportation company at $45.10 per share. Ten months later he sold the stock at $78.22 per share.  If he had to pay his broker a commission of $85, how much profit did Peter make on this investment?  Round your answer to the nearest dollar.