Luke and Sarah lived in a house in Albury where they both had permanent jobs. In July 2012 they purchased a rural block of 30 acres for $160,000 with the intention of building a house and moving out of town. In September 2012 they listed their house in Albury for sale at $570,000, however given a downturn in the market the house remained unsold until March 2014 when they finally accepted an offer of $460,000. Settlement took place in April 2014 and they commenced construction on the new house in May 2014. Whilst the house was being built Luke and Sarah rented the Albury house back from the new owners at an amount of $480 per week.

In November 2014 the new house was completed at a cost of $410,000 and Luke and Sarah moved in. Additional costs incurred by them included construction of a road for $15,000, sinking a dam at a cost of $30,000 and connection of electricity at a cost of $40,000. They financed the new property with a home loan of $450,000 payable over 30 years at a rate of 4.20%.

Luke and Sarah began a horse agistment business in January 2015 to which they allocated 20 acres of their property. They constructed fencing to create smaller paddocks, built shade shelters and installed water troughs at a total cost of $80,000. To fund the cost of the improvements they took out a small business loan for $80,000 payable over 10 years at a rate of 5.30%.

In October 2019, Luke was offered a promotion in his job which required them to re-locate to Queensland. They listed the rural property for sale and in December 2019 it sold for an amount of $850,000 with settlement occurring in January 2020 at which time Luke and Sarah moved to Queensland.

Required

Advise Luke and Sarah of the taxation consequences of selling the rural property including whether any taxation exemptions or concessions may apply. You do not need to calculate the amount of any resulting capital gain or loss .

Differentiate between discretionary fiscal policy and nondiscretionary or built-in stabilization policy.

In Matlab:

Any complex number z=a+bi can be given by its polar coordinates r and θ, where r=|z|=sqrt(a^2+b^2) is the magnitude and θ= arctan(ba) is the angle. Write a function that will return both the magnitude r and the angle θ of a given complex numberz=a+bi. You should not use the built-in functions abs and angle. You may use the built-in functions real and imag.

A veterinarian is interested in determining whether or not an overweight dog would benefit more from daily 30 minute walks or from 30 minutes of daily play in a dog park. Design an experiment for the veterinarian, using 60 chubby dogs.

According to Schaller, Park, & Mueller (2003) Past research has indicated that men report higher levels of racism and ethnocentrism than women. why do men report higher levels of racism and ethnocentrism than women? why not?

when the National Park Service picks a single privately owned firm to be the sole seller of food and other Goods in the US National Parks, this is an example of the creation of a
A. natural monopoly
B. legal monopoly
C. strategic resource monopoly

Estes Park Corp. pays a constant $1.43 dividend on its stock. The company will maintain this dividend for the next 11 years and will then cease paying dividends forever. If the required return on this stock is 9.59 percent, what is the current share price?

The average daily attendance of a small amusement park is 4,219 people. In order to increase the average daily attendance, the park owners decided to lower the price for admissions. For the first 25 days after the highly publicized price reduction the average daily attendance was 4,537. You can assume that the population standard deviation is 674. Assume that these 25 days can be considered a random sample of the days to come and that daily attendance follows a normal distribution.

a.) Test at the 5% level of significance whether the price reduction was effective. Explain your approach (including your hypotheses and test statistic) and conclusion.

b.) How and why would your answer in Part 1 change if the significance level had been 1%? Explain using 1 or 2 sentences.

thank you! :)