Answer:
The question is incomplete since we are not told if the capital gain is a short or long term gain. So I will answer the question in both possible scenarios.
Short term capital gains:
They are taxed as ordinary income, so the net gain = $35,000 - $7,000 = $28,000
Net gain after taxes = $28,000 x (1 - 53.31%) = $13,073.20
Long term capital gains:
They are taxed at a much lower rate that ranges from 0 to 20%. In this case, Christopher is probably taxed at 20%.
Net gain after taxes = $28,000 x (1 - 20%) = $22,400
Explanation:
Answer:
Fraud.
Explanation:
Fraud is defined as intentional misrepresentation aimed at gaining unlawful advantage or to deprive a victim of a legal right.
In civil law the victim can file for recovery of money, while in criminal law the fraud perpetrator may be committed to prison.
Lipstik intentionally mislabels its packaged products to conceal a defect, and gains unfair advantage by selling these defective goods to customers. Mikayla buys the lipstick based on the misrepresented information on the label and gets injured.
The tax laibility as calculated is $1036.
<u>Explanation:</u>
a.) Carson earnings $14000
Less: the Standard deduction $12000
Taxable income $2000
Tax liability $200
b.) Carson earnings $14000
Qualified dividend income $5000
Gross income $19000
less: Standard deduction $12000
Taxable income $7000
Taxable income taxed at carson rate $2000
($7000 minus $5000)
Ordinary Tax $200
Kiddie Tax is calculated as follows:
Gross unearned income
unearned income $5000
Kiddie tax up to 2600 $260
Kiddie tax for over and above 2600 $576
$836
Total tax liability ($200 plus $836) $1036
Explanation:
1. Being a good global corporate citizen
2. Being ethical in its practices
3. Obeying the law
4. Making a profit
According to Archie B. Carroll,
The first one is Being a good global corporate citizen: How a good citizen is important for the country, being a good global corporate citizen is equally important for the corporate world.
The second one is the ethical practices: This is very closely related to citizenship. There are some professional ethics to be maintained for a corporate world to grow.
The third is obeying the law: Definitely, employees have to adhere to the rules of the organization which is an important aspect for the growth of the organization and to the corporate world.
The last is making a profit: The final part is profit. According to my personal opinion if all the above are followed, profit will reach the organization.
