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Y_Kistochka [10]
3 years ago
15

Inflation sometimes causes people to pay _____ capital gains tax than they ought to

Business
2 answers:
neonofarm [45]3 years ago
7 0

Inflation sometimes causes people to pay increasing capital gains tax than they ought to. When accounting for inflation, capital gains tax may rise if there was an increase in the real purchasing power of an asset when the value of the asset did not increase. If capital gains were adjusted in relation to inflation, the tax would be a zero value.

Katen [24]3 years ago
6 0

Answer:

This question is incomplete. The complete question is as follows:

Inflation sometimes causes people to pay ________ capital gains tax than they ought to, ________.

more; if much of their calculated profits from selling assets was due to inflation

less; because tax laws do not typically account for inflation

more; because the inflation adjustments in tax laws overcompensate for inflation

more; if they neglect to claim the inflation adjustment that tax laws allow

less; because inflation creates the opportunity for a tax write-off

The answer is: more; if much of their calculated profits from selling assets was due to inflation

Explanation:

An increase in an asset's price is determined based on the nominal amount and not the real value adjusted for inflation. If this asset is sold above cost, then a profit/gain on sale is calculated and taxed fully by the tax authorities. There is no distinction between an increase in price brought about by inflation versus an increase associated with value appreciation hence no adjustment for inflation prior to the tax computation. Owing to this, an increase in value brought purely by inflation increases the effective tax rate and tax amount payable.

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A s<span>tockbroker</span> is a registered representative acting as an intermediary to buy and sell securities for clients.
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3 years ago
What nonprofit organization distributes knowledge related to health care for the purpose of improving health to governmental age
Fed [463]

Options:

a. Institute for Safe Medication Practices.

b. Institute of Medicine.

c. National Committee for Quality Assurance.

d.The Joint Commission.

Answer:

b. Institute of Medicine.

Explanation:

Interestingly, according to information found on its website, the The Institute of Medicine (IOM) is an independent, nonprofit organization that provides advice to decision makers and the public, which includes distributes information related to health care for the purpose of improving health to governmental agencies, the public, business, and healthcare professionals.

5 0
3 years ago
QUESTION 2 of 10: Three smoothie shops exist in your town with annual sales of $300,000; $344,000; and $412,000. What is the ave
Goshia [24]

Answer:

352,000

Explanation:

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6 0
3 years ago
Bretthauer Corporation has provided data concerning the Corporation's Manufacturing Overhead account for the month of July. Prio
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Answer:

a) Manufacturing overhead applied to Work in Process for the month was $70,000

Explanation:

Data provided in the question

The total of the Manufacturing Overhead account = $58,000 i.e incurred

And, the total of credit to the account = $70,000 i.e applied amount

So according to the given data, the manufacturing overhead should be applied to the work in process with the total credit amount i.e $70,000

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3 years ago
The Vermont Teddy Bear Company sells handmade Teddy bears designed to be given as gifts for almost every occasion imaginable. Fo
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Answer:

product line

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