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asambeis [7]
4 years ago
11

Carrie and Michael are married and will file a joint return. In addition to income from wages, they have a $5,000 long-term capi

tal gain from the sale of stock. Their 2019 taxable income is $121,500. Their capital gain will be taxed at a rate of:
Business
1 answer:
Elena L [17]4 years ago
6 0

Answer: 15%

Explanation:

From the question, we are informed that Carrie and Michael are married and will file a joint return and that they have a $5,000 long-term capital gain from the sale of stock. We are further told that their 2019 taxable income is $121,500.

Based on the above scenario, their capital gain will be taxed at a rate of 15%. This is due to the fact that when filing their status, they will be regarded as married and the applicable rate is 15% for an income that is between $78,751 and $488,850. Since they've $121,500 their rate will be 15%.

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Explain the different levels of specialization.​
Dimas [21]
There are two types of specialisation:

structural specialisation (topic or map level)

and domain specialisation (element level).
4 0
3 years ago
The ________ is the difference between merchandise imports and exports and a measure of a country's international trade in goods
Levart [38]

Answer:

balance of trade

Explanation:

Trade can be defined as a process which typically involves the buying and selling of goods and services between a producer and the customers (consumers) at a specific period of time.

Basically, trade can be categorized into two (2) main groups and these are;

I. Import: this involves bringing in goods from a foreign country to sell in a different (domestic) country.

II. Export: it involves the sales of goods produced in a domestic country to a foreign country.

In Economics, a balance of trade is a measure of the difference between merchandise imports and exports, as well as a country's international trade in goods. Thus, it's a measure of the difference between the monetary value of the import and export of goods of a country over a specific period of time.

3 0
3 years ago
The following information is for a collateralized mortgage obligation (CMO). Tranche A of $50 million receives quarterly payment
Verdich [7]
<h3>Answer:</h3><h3>Tranche A interest $50m*9%*3/12                          $1,125,000                                                </h3><h3>Tranche B interest $100m*10%*3/12                       $2,500,000                                                        </h3><h3>Tranche C interest $50m*11%*3/12                           $1,375,000</h3><h3>Principal balances:</h3><h3>Tranche  A        $47 million</h3><h3>Tranche B          $100 million</h3><h3>Tranche C           $50 million</h3><h3 /><h3 /><h3>Explanation:</h3><h3>The approach in debts securitization is that the most senior tranche,tranche A in  this question receives any payment  received in excess of periodic payment of interest.</h3><h3>On that basis,the quarterly payments can be shared between the three tranches as follows:</h3><h3>Total quarterly   payment    received                       $8000,000</h3><h3>Tranche A interest $50m*9%*3/12                            ($1,125,000)                                                </h3><h3>Tranche B interest $100m*10%*3/12                       ($2,500,000)                                                        </h3><h3>Tranche C interest $50m*11%*3/12                           ($1,375,000)                                        </h3><h3>Balance left                                                                  $3,000,000</h3><h3>As earlier reiterated, the balance of $3 million would be used to redeem part of tranche A,hence in tranche A is $47 million($50m-$3m):</h3><h3>Principal balances:</h3><h3>Tranche  A        $47 million</h3><h3>Tranche B          $100 million</h3><h3>Tranche C           $50 million</h3>

8 0
3 years ago
What is john locke’s view of human nature?
skelet666 [1.2K]

That it aloud people to be selfish

7 0
3 years ago
Shontelle owns an apartment house that has an adjusted basis of $760,000 but is subject to a mortgage of $192,000. She transfers
Alex787 [66]

Answer:

(a) $332,000

(b) $312,000

(c) $760,000

Explanation:

(a) Her realized gain or loss

Mathematically, Realized gain or loss = Amount realized - Adjusted Basis = (120000 + 780000 + 192000) - 760000.

= 1092000 - 760000

= $ 332000

(b) Her Recognized gain.

Mathematically, her recognized gain = Amount received in cash + Amount received in Mortgage = 120,000 + 192,000 = $312,000

(c) Basis of newly acquired office Building.

Mathematically:

Basis of newly acquired building = Fair market value of building - (realized gain - recognized gain) = (780,000)-(332,000-312,000) = 780,000-20,000 = $760,000

8 0
3 years ago
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