Answer:
total taxable income = $73,000
tax liability = $7,505
Explanation:
Clarice's ordinary income $30,000
Clarice's capital gains:
- selling of stock = $34,000 - $16,000 = $18,000
- selling of coin collection = $55,000 - $30,000 = $25,000
- total long term capital gains = $43,000
Clarice's taxable income = $73,000
Clarice's ordinary income tax rate 2011:
ordinary income = $30,000 - standard deduction $5,800 = $24,200
- 10% on taxable income from $0 to $8,500 = $850
- 15% on taxable income over $8,500 to $34,500 = $2,355
ordinary income taxes = $3,205
Clarice's capital gains tax rate 2011 = 10%
capital gains taxes = $43,000 x 10% = $4,300
total tax liability = $7,505
Answer: book entry
Explanation:
A municipal bond, which is commonly referred to as a muni bond, can be defined as a bond that is issued by a particular territory or local government in order to finance public projects like airports, schools, roads, museums, seaports, and infrastructure. It should be noted that new issues of municipal short term notes are available in book entry form.
Answer:
The correct answer is B. False
Explanation:
Sven never agreed to selling his motorcycle at the spot, he only made a statement that should he intends to sell it later, he will not sell it lesser than $2000.
Answer:
Option D. Not enough information to answer this question.
Explanation:
There are number of factors the company considers before entering or exiting the market and some of these include Marginal cost or marginal revenue analysis, project analysis which considers the future cost and benefits by continuing the business, Porter five forces factors consideration before entering, Capabilities and resource analysis, etc.
So merely a price doesn't decides that we going to enter the market or we are leaving the market. Their are chances that we can control the cost of that the competitor starts selling the product at cost which will have harmful impact.
So the information provided to answer this question is not enough.
Answer:
$4.542
Explanation:
Bank services fees must be included in balance, as well as interest earned, but checks outstanding no, because they arent paid yet.
So the correct calculation is:
$ 4.593 - $85 + $34 = $4.542
