Does the taxable capital gains added to the banker’s income move them to a higher tax rate?

1 answer:

5 0

The taxable capital gains added to the banker’s income move them to a higher tax rate. the statement is true.

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

Income tax is a tax applied on individuals or entities concerning income or profit earned by them.

Qualified plans provide two tax benefits that are not available in other types of investments.

Tax rates will be higher in the future with the increment of time, but the benefits of the tax-deferred savings plan will overcome higher tax rates over time.

The taxable capital gains added to the banker’s income move them to a higher tax rate. the statement is true.

Learn more about tax;

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Select the correct answer from each drop-down menu.

ella [17]

Answer:

A non-equilateral rhombus.

Step-by-step explanation:

We can solve this graphically.

We start with square:

ABCD

with:

A = (11, - 7)

B = (9, - 4)

C = (11, - 1)

D = (13, - 4)

Only with the vertices, we can see that ABCD is equilateral, as the length of each side is:

AB = √( (11 - 9)^2 + (-7 -(-4))^2) = √( (2)^2 + (3)^2) = √(4 + 9) = √13

BC = √( (11 - 9)^2 + (-1 -(-4))^2) = √13

CD = √( (11 - 13)^2 + (-1 -(-4))^2) = √13

DA = √( (11 - 13)^2 + (-7 -(-4))^2) = √13

And we change C by C' = (11, 1)

In the image you can see the 5 points and the figure that they make:

The figure ABCD is a rhombus, and ABC'D is also a rhombus, the only difference between the figures is that ABCD is equilateral while ABC'D is not equilateral.