Answer:
tax at 15 % gain = $495
Explanation:
given data
sold = 100 shares
Sale stock = $5,500
purchased shares = $2,200
income tax rate = 24 percent
to find out
how much tax will he pay on this gain
solution
we know here that at long term gain we have given Sale value and Cost of stocks
so here total Gain will be
gain = Sale value - Cost of stocks ...............................1
put here value
gain = Sale value - Cost of stocks
gain = $5,500 - $2,200
gain = $3,300
so here we can say that
tax is 15 %
tax at 15 % gain = 15 % of $3,300
tax at 15 % gain = $495
as we know his marginal rate on ordinary gain is above 15%
so that capital gain must be 15%
Answer:
<h2>$72,000</h2>
Explanation:
We need to first calculate the interest on investing $30,000 after 20 years at 7% in a single-premium tax-deffered annuity using the simple interest formula.
Simple interest = Principal * Rate * Time/100
Simple interest = $30,000*7*20/100
Simple Interest = $42,000
After-tax dollars that will be accumulated in 20 years = Initial investment + Interest = $30,000+$42,000 = $72,000
<em>Hence, after-tax dollars that will be accumulated in 20 years is $72,000.</em>
Answer:
(a) The estimated cumulative average material cost per square foot for the first five homes is $24.47.
(b) The estimated material cost per square foot for the last (16th) home is $19.34.
Explanation:
(a) If the cost its reduced by 8% every time the number of homes is doubled, we can express the cost of the first five houses as
C1 = C
C2 = C*(1-0.08)=0.92*C
C3 = C2 = 0.92*C
C4 = C2*(1-0.08)=0.92*0.92*C = 0.8464*C
C5 = C4 = 0.8464*C
Then, the average cost of the first five houses is
The estimated cumulative average material cost per square foot for the first five homes is $24.47.
For the 16th home, the number we can estimate that the number of homes double 4 times: at house number 2,4, 8 and 16.
Other way to calculate that is 
We can write the cost of the 16th house as
The estimated material cost per square foot for the last (16th) home is $19.34.
Answer: An increase in the Interest rates and the cost of building the station
Explanation:
Before setting out to do business, most companies and investors calculate the cost of setting up the business and what they stand to gain when the business does well and when it doesn't. Most of these analysis are done when the business is being put into consideration. When there is a change in cost of any of the items put into consideration, the business would either be carried out or cancelled. What could discourage the Black oil company would be either an increase in interest rates or cost of building the station.
Answer:
duress
Explanation:
A contract may not be enforced it any of the parties does not give genuine or real assent, i.e. they freely agree with the contract terms.
Duress happens when one of the parties threatens to do something bad or wrong to the other party in order to force them to enter a contract. Contracts agreed under duress can be invalidated.
