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2 years ago

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

1 answer:

5 0

When filing your tax return, the maximum amount you can deduct for a capital loss is $3,000(for individuals and married filing jointly) or $1,500 (for married filing separately).

<h3>What is a tax return?</h3>

A tax return is such or more forms submitted to a taxing body that include earnings, outlays, and other crucial tax data.

Tax returns give taxpayers the option to determine their tax liability, plan out their tax payments, or ask for refunds for any taxes they have paid in excess of what is required.

Some characteristics is of tax returns are-

For just an individual or corporation having reportable income, such as wages, interests, dividends, capital appreciation, or other earnings, tax returns must typically be filed annually.
The tax return is just a document submitted to a taxing authority that lists earnings, outlays, and other pertinent financial data.
Taxpayers compute their tax liabilities, set up tax payments, and request refunds for overpaid taxes on their tax returns.
Tax returns must typically be filed yearly.

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1. Explain who the Lemon Law protects.

PilotLPTM [1.2K]

It's to insure that manufacturers honor their warranties and to reduce the chance that a consumer will be misled about the nature of the purchase.

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4 years ago

The manager of the student center cafeteria is introducing pizza as a menu item. The pizza is ordered frozen from a local pizza

olga2289 [7]

Answer:

From the information given, the number of pizzas is 450 pizzas.

Explanation:

If the cafeteria is open 45 wks a year and they anticipate 10 pizzas per week, then they need 450 pizzas.

$45*10$

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3 years ago

What was the opportunity cost for lebron james when he determined to directly enter the nba?

frozen [14]

LeBron James is one of the best basketball players in the country, was selected by the Cleveland Cavaliers as the first pick in the 2003 NBA draft, signing a three-year contract worth almost $13 million, with an option for a fourth year at $5.8 million. Had he decided to attend college instead, James would have incurred an opportunity cost of at least $19 million in forgone income to earn a four-year college degree.

Opportunity cost is the value you would gain or lose if you choose a different path or solution. The opportunity cost in this scenario is deciding to play in the NBA since college was too expensive. LeBron James ultimately saved time and money by taking the detour because he received a contract worth close to $13 million; otherwise, he would have had to pay more and spend more time attending a four-year college.

LeBron's decision to join the NBA right after high school graduation has an opportunity cost because he might have attended a four-year university or college instead. He was chosen by the Cleveland Cavaliers as the first overall choice in the 2003 NBA Draft

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2 years ago

You specialize in analyzing pharmaceutical companies. Tomorrow, the FDA is going to make an announcement about the approval of a

pshichka [43]

Answer:

$ 40

Explanation:

Given :

Bid price = $ 50

Ask price = $ 50.2

Ideal price = $\frac{\text{bid price + ask price}}{2}$

$=\frac{50+50.2}{2}$

= $ 50.1

This is the ideal price of the stock that is based on the mid point price.

The transactional cost for the buy is = Ask price - ideal price

= 50.2 - 50.1

= $ 0.1

Thus we have to give $ 0.1 as the transactional cost if we want tot buy the stock immediately, so that we buy it more than the ideal price.

Therefore, the transactional cost for the sales is = ideal cost - bid cost

= $ 50.1 - $ 50

= $ 0.1

Thus we have to pay $ 0.1 as the transactional cost if we want to sell the stock now, so as to sell it cheaper than the ideal price.

We known the quantity = 200

So the round up transactional cost = $\text{quantity}\times \text{transactional cost(buy)+transactional cost(sale)}$

= 200 x (0.1 +0.1)

= $ 40

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3 years ago

Dove, Inc., had additions to retained earnings for the year just ended of $486,000. The firm paid out $175,000 in cash dividends

irinina [24]

Answer:

(A) $1.97 per share

(B) $0.52 per share

(C) $20.37 per share

(D) 2.26 times

(E) 23.35 times

(F) 1.00

Explanation:

The computation is shown below:

(A) Earning per share = (Net income) ÷ (Number of shares)

where,

Net income = Retained earnings + dividend paid

= $486,000 + $175,000

= $661,000

And, the number of shares are 335,000 shares

Now put these values to the above formula

So, the value would equal to

= ($661,000) ÷ (335,000 shares)

= $1.97 per share

(B) Dividend per share = (Total dividend) ÷ (number of shares)

= ($175,000) ÷ (335,000 shares)

= $0.52 per share

(C) Book value per share = (Total equity) ÷ (number of shares)

= ($6,825,000) ÷ (335,000 shares)

= $20.37 per share

(D) Market to book ratio = (Market price per share) ÷ (book value per share)

= $46 ÷ $20.37

= 2.26 times

(E) Price-earnings ratio = (Market price per share) ÷ (Earning per share)

= $46 ÷ $1.97

= 23.35 times

(F) Price sales ratio = (Market price per share) ÷ (Total sales per share)

where,

Total sales per share = (total sales) ÷ (Number of shares)

= (154,00,000) ÷ (335,000 shares)

= $45.97 per share

So, the price sales ratio = $46 ÷ $45.97 = 1.00

6 0

4 years ago