after paying commission if 7% of the sale price to his broker, tess receives 103,000 for his car. how much was the car sold? A. 110,753 B. 110,000 C. 110,420 D. 95,790 The answer in my book is A but my answer is D. Which of the two is correct? Thank you

after paying commission if 7% of the sale price to his broker, tess receives 103,000 for his car. how much was the car sold? A. 110,753 B. 110,000 C. 110,420 D. 95,790 The answer in my book is A but my answer is D. Which of the two is correct? Thank you

Income Tax Fundamentals 2020

38th Edition

ISBN:9780357391129

Author:WHITTENBURG

Publisher:WHITTENBURG

Chapter4: Additional Income And The Qualified Business Income Deduction

Section: Chapter Questions

Problem 4MCQ: Vijay sells land and receives $5,000 cash, a motorcycle worth $1,600, and two tickets to the Super...

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after paying commission if 7% of the sale price to his broker, tess receives 103,000 for his car. how much was the car sold?

A. 110,753

B. 110,000

C. 110,420

D. 95,790

The answer in my book is A but my answer is D. Which of the two is correct? Thank you

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