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Paul [167]
4 years ago
5

Zeno Inc. sold two capital assets in 2019. The first sale resulted in a $53,000 capital loss, and the second sale resulted in a

$25,600 capital gain. Zeno was incorporated in 2015, and its tax records provide the following information:
2015 2016 2017 2018
Ordinary income $443,000 $509,700 $810,300 $921,000
Net capital gain 22,000 0 4,120 13,600
Taxable income $465,000 $509,700 $814,420 $934,600

Required:
a. Compute Zeno’s tax refund from the carryback of its 2019 nondeductible capital loss. Assume Zeno's marginal tax rate was 34 percent in 2015 through 2017, and 21 percent in 2018.
b. Compute Zeno’s capital loss carryforward into 2020.

Business
1 answer:
tatuchka [14]4 years ago
7 0

Answer:

a. Zeno's tax refund from the carry back of it's 2019 non deductible capital loss is $6,025

b. Zeno's capital loss carry forward into 2020 is $9,680

Explanation:

Please find attached detailed explanations of the above answers.

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It is one that seek to recognizes its role inside of  a diverse community, and it is one that handles diversity in a meaningful and vital way.

<h3>What is in a diversity plan?</h3>

A diversity plan is known to be a kind of an actionable plan that tells more about one's business and how one can go about then.

It is one that  is made up of people from a lot of backgrounds. It is a said to be a kind of a commitment by the company to make an environment that is fair.

Hence, The assessments of the currency of diversity plan is one that is centered around making a diversity plan that entails a lot of steps to make sure that the institution is said to be prepared to make a diversity plan.

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8 0
1 year ago
To better understand the needs of prospective customers, marketers use ______.
Slav-nsk [51]

To  better understand the needs of prospective customers, marketers use market  research.

<h3>What is marketing research?</h3>

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6 0
2 years ago
The Knot is an online company that helps people with the complex task of planning a wedding. Multiple vendors are recommended fo
Mice21 [21]

Answer: Service and Information.

Explanation:

The Knot provides different services that is related to planning a wedding. It also provides information for starting your life as a married couple. The different services and information offered are:

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5 0
4 years ago
Consider the following information: Portfolio Expected Return Standard Deviation Risk-free 7 % 0 % Market 12.2 31 A 11.0 20 a. C
Gennadij [26K]

Answer:

The Sharpe ratios for the market portfolio and portfolio A is 0.1677 and 0.2 respectively

Explanation:

The computation of the Sharpe ratio is shown below:

= (Expected Rate of Return - Risk-free rate of return) ÷ (Standard Deviation)

For Market portfolio, it would be

= (12.2% - 7%) ÷ (31%)

= 5.2% ÷ 31%

= 0.1677

For portfolio A, it would be

= (11% - 7%) ÷ (20%)

= 4% ÷ 20%

= 0.20

Simply we apply the Sharpe ratio formula in which the risk-free rate of return is deducted from the expected return and the same is divided by the Standard Deviation

7 0
3 years ago
Some say, "Pollution is the price of progress? 1. Who in fact pays the price? 2. Explain the moral and the economic issues raise
klemol [59]

Answer:The answer is 1 The people pays the price, 2. Industrialization improved the standard of living of the people and increase the country Gross domestic product 3. Economic progress is the increase in output, economic development is the equitable redistribution of produced goods and services, the government must put in place a body to ensure the control of pollution of the environment by the industries.

Explanation:

Industrialization is the policy of setting up several industries in a country.it is regard as the surest way to the economic development of a country. It one of the real sector of the economy which can quickly facilitate the economic development. The process of industrialization as good as it is has a negative effect on the environment through the environmental pollution, pollution is the process of releasing harmful and injurious chemicals into the environment by the the industries which may result in a serious health and environmental hazard such as cancer, heart disease, and damage to other vital organs of the body .Therefore, the people is the one paying the price of the effect of pollution on the environment where they live.

The moral issue raised by the assertion is that industrialization is capable of bringing the people out of poverty in the sense that the major causes of poverty in the society is the lack of unemployment, therefore industrialization provide jobs for the people which help in improving their standard of living., and in turn lift them out of poverty into the life of affluence. On the other hand, industrilization is capable of improving the economic development of the country. It is one of the major ways to increase the country's Gross domestic product of the country, it help in raising the national incomes of the country..it also helps in the increase in the level of productivity of the economy. It increase the level of investment in the nation,it increases savings in the economy and help in reducing the prices of goods produced in the country.

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5 0
3 years ago
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