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lukranit [14]
3 years ago
5

Steve purchases some land for $30,000. He maintains it, but makes no improvements to it. One year later he sells it for $32,000.

Stephanie puts $30,000 in a savings account that pays 6% interest. Steve has to pay the 50% capital gains tax, Stephanie is in the 35% tax bracket. The inflation rate was 2%. Who had the higher before-tax real gain and who had the higher after-tax real gain?
Business
1 answer:
Neporo4naja [7]3 years ago
4 0

Answer:1. The higher before tax real gain is for Steve for $2000 i.e (32,000- 30,000) while Stephanie makes $1800(6% of $30,000)

2. The higher after tax real gain is for Stephanie losing 35% of her income

which reduce her income to $1170 while Steve loss 50% of his income which reduce to $1000.

Explanation

The inflation rate is not considered in the calculation because it's constant for both parties.

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The price elasticity of demand measures the: A. responsiveness of quantity demanded to a change in quantity supplied. B. respons
pickupchik [31]

Answer:

Option "B" is the correct answer to the following statement.

Explanation:

The price elasticity of demand determines the flexibility of the volume needed to adjust the price.

The demand of an individual or market becomes inelastic if it will not adjust much to increasing prices, and it is elastic for an individual or market if the demand of a particular commodity will shift a lot as prices shift.

6 0
3 years ago
If gross pay increases by $500, total employee benefits increase by $200 and total job expenses decrease by $300, then total emp
denis23 [38]

Answer:

option (d) increases by $1,000

Explanation:

Data provided in the question:

Increase in gross pay = $500

Increase in total employee benefits = $200

Decrease in total job expenses = $300

Now,

The change total employment compensation

= Increase in gross pay + Increase in total employee benefits + Decrease in total job expenses

= $500 + $200 + $300

= $1,000             (Here, the positive value means an increase )

Hence,

The answer is option (d) increases by $1,000

5 0
3 years ago
The following information is available for Rodriguez Industries:
shepuryov [24]

Answer:

$183,200

Explanation:

Given that,

Direct labor = $86,000

Total current manufacturing costs = $381,000

Manufacturing overhead is applied to production:

= 130% of direct labor cost

= 1.30 × $86,000

= $111,800

Total manufacturing costs = Direct material + Direct labor + Manufacturing overhead.

$381,000 = Direct material + $86,000 + $111,800

Direct material = $381,000 - $86,000 - $111,800

                         = $183,200

Therefore, the amount of direct materials used in production is $183,200.

8 0
3 years ago
Approximately how many free Americans remained loyal to the British during the war? a. 20 to 25 percent. b. 10 to 15 percent. c.
jekas [21]

Answer:

The Correct Option is A: 20 to 25 percent.

Explanation:

In a report by an American historian, it was stated that about 450,000 Americans did not stop being loyal to the British during the revolutionary period. This population represents about 20 percent of Americans having European Origin, or approximately 16 percent of the entire population.

6 0
3 years ago
Read 2 more answers
When the grocery director gives directions to the grocery store manager, what type of communication is being used ?
liubo4ka [24]

The type of communication being used when the grocery store director gives instructions to the grocery store manager is vertical communication.

<h3 /><h3>What is vertical communication?</h3>

It is the communication that occurs in the ascending and descending direction in a structured organization, that is, it is the communication that occurs between people of different hierarchical levels.

Therefore, vertical communication is the most common form of communication in organizations and is essential to maintain effective organizational flow, provide guidelines and feedback on work.

Find out more about vertical communication here:

brainly.com/question/6648108

5 0
2 years ago
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