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2 years ago

When filing your tax return, what is the maximum amount you can deduct for a capital loss?.

Business

1 answer:

hram777 [196]2 years ago

6 0

When filing your tax return, $3,000 is the maximum amount you can deduct for a capital loss

A tax is a mandatory financial charge or other sort of levy imposed by a governmental entity on a taxpayer in order to fund government spending and related public expenses.

A tax deduction is a provision that lowers the amount of taxable income. A standard deduction is a single, fixed-amount deduction. Itemized deductions are popular with higher-income taxpayers because they frequently have considerable deductible expenses such as state/local taxes paid, mortgage interest, and charitable contributions.

The effective tax rate is the percentage of an individual's or corporation's income that is paid in taxes. The effective tax rate for individuals is the average rate at which their earned income, such as wages, and unearned income, such as stock dividends, are taxed.

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3 years ago

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3 years ago

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explain why it is not encouraged to rely on estimates of the intercept or constant when making economic analysis

ryzh [129]

It is not encouraged to rely on estimates of the intercept when a person is making analysis because intercept is the mean of variable Y when all predictors have become zero.

<h3>What is economic analysis?</h3>

This is the term that is used to refer to the analysis that is done with the given data that has been established in a statistical test. The economic analysis helps to make the predictions that would be used to bring about new policies in government.

Economic analysis is not done with the the intercept because it would require all the other predictor variables to have zero value hence their impact cannot be seen.

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2 years ago

1. Calculate owners’ equity. Pasta Enterprises has $42,000 in cash, $20,000 in inventory, $17,000 balance due to creditors, and

mash [69]

Answer:

The amount of owners’ equity is $66,000

Explanation:

Basing on the balance sheet equation:

Assests = Liabilities + Owners’ equity

Therefore:

Owners’ equity = Assests - Liabilities

Pasta Enterprises has $42,000 in cash, $20,000 in inventory, and $21,000 balance due from customers.

Assests = Cash + Inventory + Balance due from customers = $42,000 + $20,000 + $21,000 = $83,000

Liabilities = Balance due to creditors = $17,000

Owners’ equity = $83,000 - $17,000 = $66,000

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3 years ago

It’s time for the Bizlaw County auction! For each of the auction items listed below, you will (1) determine which type of proper

Andrei [34K]

Answer:

I have formulated the answer in the table and the table is attached in the attachment please refer to the attachment 1.

Explanation:

<em>Please refer to the attachment 1. And here is the explanation</em>

Inherited property is the property which is transferred to ones beloved after she/he passes away or makes a will, so statement A, E and F are inherited properties.

Purchased property are the ones that one acquires after paying certain price of the good, so B is purchased property.

Abandoned property is the goods or intangible thing left somewhere and the owner is not known, so statement C and D are abandoned properties.

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3 years ago