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NeX [460]
1 year ago
11

In tax year 2020, a married taxpayer with AGI of $300,000 had gross investment income of $6,150 (which included a long-term capi

tal gain of $3,500 and interest income of $2,650), brokerage commissions of $75, and tax preparation fees of $210. Calculate the amount of net investment income tax the taxpayer is required to pay
Business
1 answer:
Irina-Kira [14]1 year ago
8 0

The amount of net investment income tax that the taxpayer is required to pay is $231.

<h3 />

<h3>What is net investment income tax?</h3>

Net Investment Income Tax are generally imposed by the Internal Revenue on entities' net investment income.

Net investment income tax = ($6,150 - $75) * 3.8%

Net investment income tax = $6,050 * 3.8%

Net investment income tax = $231

In conclusion, the amount of net investment income tax that the taxpayer is required to pay is $231.

Read more about income tax

<em>brainly.com/question/25257355</em>

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1. Why are individuals so important to the NASA project teams? 2. What is the Lessons Learned Program and how might it relate to
Nikolay [14]

Answer: The answers are provided below.

Explanation:

1. NASA is an acronym for the National Aeronautics and Space Administration, which is a federal agency in charge of aerospace research, aeronautics, and also the civilian space program.

People are key to everything done at NASA. People mean more than astronauts, but everyone that go into completing a project. People are so vutal because they are the ones that make up the teams which ultimately help NASA reach its goals.

2. The Lessons Learned Program is a database that is established so that NASA workers can input their experience, findings, errors, successes, trials, recommendations and case analyses.

The NASA Lessons Learned Program is a database that contains official reviews, and the learned lessons from NASA projects, programs, and astronauts. Project management is risk management and this enables the project management team to better assess and reduce risk by not making same mistake twice

3. The team bears the responsibility for the achievement of success but it must be done by individual cooperation. Cooperation as a team is vital at NASA. Therefore, it is important for the individuals to hold themselves accountable so as to ensure that risk is avoided as much as possible.

4. NASA believes characteristics of a good project manager should include passionate about the task at hand, being optimistic, possessing the ability to surround yourself with people who are competent, communicating effectively with others, knowing your job, ensuring your team knows their job, working well with others, and integrity.

5. Leadership integrity has all to do with project success. Integrity is what one does when no one is watching. As a leader, one must always maintain integrity in order to ensure ones actions are always in the team's best interest.

6 0
3 years ago
Quanti Co., a calendar year taxpayer, purchased small tools for $5,000 on December 21, 2016, representing the company's only pur
iris [78.8K]

Answer:

1 and a half months worth of depreciation

Explanation:

The advantage of starting to depreciate an asset purchased on December is that next year you will be able to depreciate it for a full year under MACRS.  Generally, when you purchase an asset, you have to use the half year convention and your depreciation expense for the first year will be low compared to the second year. But if you start depreciating your asset in the current year, even if you purchased it on December and the depreciation expense is not that significant, the next year you will be able to depreciate it at the second year rate.

7 0
3 years ago
Assume a division of Hewlett-Packard currently makes 12,000 circuit boards per year used in producing diagnostic electronic inst
madam [21]

Answer:

The net benefit is -$26,000

Explanation:

Given the above information,

The total cost of manufacturing 12,000 circuit boards

= 12,000 × $34

= $408,000

Total purchase price

= 12,000 × $34

= $408,000

Fixed overhead cost applied

= 12,000 × $6

= $72,000

The rental income = $46,000

Outsourcing cost

= Total purchase price + Fixed overhead cost applied - Rental income

= $408,000 + $72,000 - $46,000

= $434,000

Therefore, Net benefit

= Total cost of manufacturing - Outsourcing cost

=$408,000 - $434,000

= -$26,000

8 0
2 years ago
Meena Chavan Corp's computer chip production process yields DRAM chips with an average life of 2,000 hours and s = 120 hours. Th
AnnZ [28]

Answer: a.)Cp= 1.25 ; b.) process is very capable ; c.) 0.83 ; d.) does not meet requires specification.

Explanation:

Given the following ;

Average chip life = 2000 hours

Standard deviation = 120 hours

Tolerance upper specification limit = 2600 hours

Tolerance lower specification limit = 1700 hours

A.) process capability ratio (Cp) :

Cp = (Upper specification limit - Lower specification limit) ÷ 6(standard deviation)

Cp = (2600 - 1700) ÷ (6 × 120)

Cp = 900 ÷ 720 = 1.25

B.) Capability ratio of 1.25 demonstrated that it is very capable.

C.) process capability ratio index(Cpk) :

Mean (X) = (Upper specification limit(US) - Lower specification limit(LCL))

Mean(X) = 2000

Lower Cpk = (X - LSL) ÷ 3(standard deviation)

Lower Cpk = (2000 - 1700) ÷ (3 × 120)

Lower Cpk = 300 ÷ 360 = 0.83

Upper Cpk = (USL - X) ÷ (3 × Standard deviation)

Upper Cpk = (2600 - 2000) ÷(3×120)

Upper Cpk = 600 ÷ 360 = 1.67

Cpk = Minimum_of (Upper Cpk, Lower Cpk)

Cpk = Minimum_of (1.67,0.83)

Cpk = 0.83

D.) Cpk < 1.0, shows that it does not meet required specification.

3 0
3 years ago
Read 2 more answers
I make 100,000 a day but i need more how can i get more without customers getting mad??
Nesterboy [21]

Answer:

Just work hard and be fast

Explanation:

Just work and be fast! People at the back wont get mad because you are a hardworking/fastworking man/woman!

3 0
2 years ago
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