Josh sincerely believed that his employer was fair and would give him a significant bonus if his productivity increased by 15 percent. However, Josh has never been able to meet the assigned target

Blue Company sold machinery for $45,000 on December 23, 2017 . The machinery had been acquired on April 1, 2015, for $69,000 and its adjusted basis was $34,200 . The § 1231 gain, § 1245 recapture gain, and § 1231 loss from this transaction are:

a. $0 § 1231 gain, $10,800 § 1245 recapture gain, $0 § 1231 loss. b. $0 § 1231 gain, $0 § 1245 recapture gain, $14,800 § 1231 loss. c. $0 § 1231 gain, $34,200 § 1245 recapture gain, $0 § 1231 loss. d. $0 § 1231 gain, $10,800 § 1245 recapture gain, $34,200 § 1231 loss. e. None of the above.

First Bank offers you a car loan at an annual interest rate of 10% compounded monthly. What effective annual interest rate is the bank charging you?

A) 10.38% B) 10.42% C) 10.45% D) 10.47%