1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Ivanshal [37]
2 years ago
10

Bertha purchased 10 shares of BestSnack, Inc. stock for $200 per share; in one year, she sold the 10 shares for $220 a share. Ov

er the year, the inflation rate was 3%. If the tax rate on nominal capital gain is 50%, how much tax does Bertha pay on her gain
Business
1 answer:
geniusboy [140]2 years ago
5 0

If the tax rate on nominal capital gain is 50%, how much tax does Bertha pay on her gain is: $97.

<h3>Gain</h3>

First step

Bertha's capital gain= ($220 - $200) x 10 shares

Capital gain = $200

Second step

Balance left after government took 50%

Balance left= $200 x (1 - 0.50)

Balance left= $100

Third step

Gain=$100 x (1 - 0.03)

Gain=$97

Therefore If the tax rate on nominal capital gain is 50%, how much tax does Bertha pay on her gain is: $97.

Learn more about Gain here:brainly.com/question/843074

#SPJ1

You might be interested in
Depreciation: Multiple Choice
Whitepunk [10]

Answer:

4. Estimates the decrease in the value of capital goods due to wear and tear over the year.

Explanation:

In accounting terms and in the business world, depreciation is defined as the systematic loss or reduction in value of a fixed asset or capital goods over time due to wear and tear. It is used in estimating the useful life or life expectancy of the asset. Examples of those fixed assets include, buildings, furniture, tractors, etc.

8 0
3 years ago
The first step a domestic firm takes when entering an international arena is usually to create an international division.
vodomira [7]

Answer:

The answer is: False

Explanation:

Whenever a company wants to go international it has a lot work to do before creating an international division. Several things must be done before, mostly research, for example:

  • Research if your product is know overseas, is there any possible market for it, are there any restraints for your products in those new markets.
  • Any legal constraint or logistical problem you have to consider.
  • Any local competition you have to worry about.
  • Does your product fit in a new culture.
  • And very many etceteras.

That should all be done before considering spending money on creating an international division.

Probably when the internet didn´t exist, communications were scarce, no Tv existed, people in one country didn´t know anything about other cultures, etc., a comp nay would have first created an international division to scout foreign markets but right now it doesn´t make sense.  

4 0
3 years ago
Smith Company’s adjusted trial balance on August 31, 2013, its fiscal year-end, follows.
CaHeK987 [17]
A compute the company’s net sales for the year
6 0
3 years ago
One major part of the opportunity costs of one's decision to go to college after high school graduation is the__________________
Serga [27]

Answer:

The correct answer is letter "C": full-time job that one could have gotten instead of going to college.

Explanation:

Opportunity costs can be defined as the return of the chosen option compared to the options forgone. Opportunity costs represent also the return of the best next available option after the option selected. Opportunity costs can be positive or negative which implies the option chosen was not the most optimal.

In this case,<em> the opportunity cost of going to college after finishing school is represented by starting to work in a full-time job to earn money.</em>

8 0
3 years ago
A schedule listing account balances for the current and previous years, and columns for adjusting and reclassifying entries prop
g100num [7]

Answer:working trial balance

Explanation:

A trial balance is a statement prepared to test the mechanical accuracy of ledger transactions

4 0
3 years ago
Read 2 more answers
Other questions:
  • What factor led to the explosive growth of digital crime over the past few decades?
    15·1 answer
  • The motivating force behind an increase in supply in a long-run adjustment to equilibrium is
    6·1 answer
  • It takes one day for Peter Gibbons to complete a TPS report and attach the cover sheet. During that day, Peter spends about 15 m
    6·1 answer
  • Explain the difference between objectives and goals, and give examples of each.
    15·1 answer
  • Suppose that France and Denmark both produce fish and stained glass. France's opportunity cost of producing a pane of stained gl
    7·1 answer
  • Assume company can produce any amount above 3.4 units. Naploc purchased the equipment for $12,000 and did not start production y
    6·1 answer
  • A _______ arranges the shipping of goods to customers in other countries.
    7·1 answer
  • HELPPPPPP!!!!
    8·2 answers
  • Which of the following statements about annuities are true?
    8·1 answer
  • Which situation would normally involve long-term financing?
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!