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asambeis [7]
3 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]3 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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Which of the following are characteristics of a perpetuity? A. A perpetuity is a stream of regularly timed, equal cash flows tha
grandymaker [24]

Answer:

<u>A. A perpetuity is a stream of regularly timed, equal cash flows that continue forever</u>

<u>D. The current value of a perpetuity is based more on the discounted value of its nearer (in time) cash flows and less by the discounted value of its more distance (in the future) cash flows.</u>

<u>Explanation:</u>

First, we need to note that perpetuity is a term used in finance to refer to any continuous periodic payments of equal face value. In other words, the payments last forever.

Part of the characteristics of perpetuity is that the payments are of equal cash value and <em>the current value of a perpetuity is based more on the discounted value of its nearer (in time) cash flows</em> rather than by the discounted value of its more distance (in the future) cash flow.

8 0
3 years ago
Analyze the effectiveness of Postbellum policies by explaining if Reconstruction succeeded or failed in the areas of Economics –
zlopas [31]

Reconstruction refers to the period of American history that followed the Civil War. During this time period, the country attempted to recover from the damage of the war. It also attempted to integrate former slaves into mainstream society.

Although Reconstruction was not a complete success, I consider that it was still an effective way to achieve long-lasting change. The Reconstruction allowed the rebuilding of the economy by integrating the former slaves into the labor force. It also forced employers or landowners to pay their black workers. Reconstruction helped the black population of the country enjoy the rights and freedoms that they were able to achieve.

3 0
3 years ago
A business segment reports segment revenues of $1.2 million, segment costs of $1.0 million, and allocated corporate overhead cos
topjm [15]

Answer:

d. decrease by $200.000.

Explanation:

The computation of the segment profit is shown below:

Segment profit = Segment revenues - Segment cost

                         = $1.2 million - $1.0 million

                         = $0.2 million or $200,000

Since the management want to drop the segment which results to decrease in the overall corporate profits that means the segment profit will also got decreased by  $200,000

The overhead cost is not relevant. Hence, ignored it

6 0
3 years ago
you are the ceo of internet provider commcore communications. it has come to your attention that a school district nearby your h
scoundrel [369]
<h3>I will try providing the best and latest robotics and gadgets to the school for better studying. You can elaborate it..</h3>
8 0
3 years ago
Winkler, a CPA, provided accounting services to a client, Thompson. On December 15 of the same year, Thompson gave Winkler 100 s
Lina20 [59]

Answer:

the bonds will recognize a gain for 3,500

Explanation:

The adjusted basis of the stock will be the value in Winkler books.

So selling at 7,500 will recognize  gain for 3,500

6 0
3 years ago
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