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
9966 [12]
4 years ago
9

In 2018, Mark has $18,000 short-term capital loss, $7,000 28% gain, and $6,000 0%/15%/20% gain. Which of the statements below is

correct?
(A) Mark has a $5,000 capital loss deduction.
(B) Mark has a $3,000 capital loss deduction.
(C) Mark has a $13,000 net capital gain.
(D) Mark has a $5,000 net capital gain.
(E) Mark has a $18,000 net capital loss.
Business
1 answer:
NARA [144]4 years ago
7 0

Answer:

(B) Mark has a $3,000 capital loss deduction.

Explanation:

Based on the tax bracket proposed, we deteminate the 7,000 is a short-term gain

and the second a long term gain.

First we must  offset short capital losses against short capital gains:

7,000 - 18,000 = 11,000 short-term loss

now we offset against long term, if it is gain it will be long term gain if loss short term loss:

6,000 - 11,000 = 5,000 short-term loss

Okay we end up with a total loss of 5,000 but; <u>we have a cap at 3,000 </u> . So that is all Mark can claim as a deduction in other categories against wages and salaries or to carry foward over next period

You might be interested in
The newly industrializing country that has competitive electronics and other light industries but which specializes in banking a
Lerok [7]

The country that is being described in the statement given above is Hong Kong as they are considered as a newly industrializing country in which they have the capabilities of competing in regards with electronics and to specialize in the category of trade and banking.

5 0
4 years ago
maria has decided to send a letter to her state representative regarding the ten industrial plants in her community that release
otez555 [7]

Maria involved with tragedy of the commons phenomenon.

The required details for tragedy of the commons in given paragraph

In economics, the tragedy of the commons is a scenario wherein man or woman users, who've open get right of entry to to a useful resource unhampered with the aid of using shared social systems or formal guidelines that govern get right of entry to and use, act independently in step with their personal self-interest and, opposite to the not precise of all users, reason depletion of the useful resource via their uncoordinated action. The idea originated in an essay written in 1833 with the aid of using the British economist William Forster Lloyd, who used a hypothetical instance of the results of unregulated grazing on not land  in Great Britain and Ireland. The idea have become broadly referred to as the "tragedy of the commons" over a century later after a piece of writing written with the aid of using Garrett Hardin in 1968. Faced with proof of ancient and present commons, Hardin later retracted his authentic thesis, mentioning that the name must have been "The Tragedy of the Unmanaged Commons".

Although taken as a hypothetical instance with the aid of using Lloyd, the ancient death of the commons of Britain and Europe resulted now no longer from misuse of long-held rights of utilization with the aid of using the commoners, however from the commons' owners enclosing and appropriating the land, abrogating the commoners' rights.

To know about tragedy of the commons click here

brainly.com/question/9680058

#SPJ4

8 0
2 years ago
A company purchased a weaving machine for $190,000. The machine has a useful life of 8 years and a residual value of $10,000. It
vodka [1.7K]

Answer:

second year depreciation 13,072

Explanation:

190,000 - 10,000 = 180,000 ammount subject to depreciation

then we do:

180,000/75,000 = 0.688 rate per bolt

to get the depreciation for the second year:

19,000 x rate = 19,000 x 180,000/75,000 =  $13,072.00

doing it in a single step avoid rounding errors.

4 0
4 years ago
Who is a person who works and provides services for free, but not a full-time employee
luda_lava [24]

i believe it is a contractor

3 0
3 years ago
Preferred stock of leaping dolphin inc. pays 8% on the $100 par value. what is the value of the stock if the appropriate discoun
ra1l [238]

Calculate the value of the stock:

<span>The dividend on preferred stock is received constantly for perpetuity. So, the value of preferred stock can be calculated by dividing the dividend with the required rate of return. If the dividend rate is 8% on par value of $ 100 and required rate is 6% the value of preferred stock will be P = (100x0.08)/0.06 = 8/0/06 = 133.3333333</span>

7 0
3 years ago
Other questions:
  • When ziggurat enterprises was preparing to roll out a new performance management system, jenna, the human resource executive, in
    14·1 answer
  • Ring Technology has a capital budget of $850,000, it wants to maintain a target capital structure of 35% debt and 65% equity, an
    10·1 answer
  • How do private labels threaten band names
    15·1 answer
  • What is the relationship between data, information and an information system
    11·1 answer
  • Veronica offers to sell Rowena her luxury sedan and says that it has never been in an accident. Rowena hires Laszlo, a mechanic,
    10·1 answer
  • Colil Computer​ Systems, Inc., manufactures printer circuit cards. All direct materials are added at the inception of the produc
    12·1 answer
  • Tv show suggestions?
    15·2 answers
  • Whats your favorite Song guys
    11·2 answers
  • Amfac Company manufactures a single product. The company keeps careful records of manufacturing activities from which the follow
    7·1 answer
  • mrare earth metals are used in the production of many of the personal electronic devices you use every day. suppose there is an
    5·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!