1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Vlada [557]
3 years ago
10

Cason is filing as single and has 2019 taxable income of $36,000 which includes $34,000 0%/ 15 % / 20% net long-term MID capital

gain. What is his tax on taxable income using the alternative tax method? Note: Use the tax rate schedule rather than the tax table. FA
a. 50
b. $200
c. 5300
d. $4924
e. None of these.
Business
1 answer:
AleksandrR [38]3 years ago
5 0

Answer:

The correct answer of this question is b-200$.

Explanation:

As per tax schedule if income from capital gain is less than 39,375$ 0% tax is charge lieved.

So on his income from capital gain that is 34,000 dollars no tax will be charge. However the remaining income is subject to income tax that is (36000-34000)= 2000 dollars. So Cason is liable to pay tax equals to 200$. (2000*10%)

As per tax law whose income is less than 9,750 dolars is liable to pay tax at the rate of 10%.

You might be interested in
Allison, a long-time employee at aim corporation is helping william, a new employee; learn the culture of the organization. alli
Dmitrij [34]
Hello!

Q: Alison, a long-time employee at AIM Corporation is helping William, a new employee; learn the culture of the organization. Alison is using the _____________ process.

A: Alison, a long-time employee at AIM Corporation is helping William, a new employee; learn the culture of the organization. Alison is using the Socialization process.
8 0
3 years ago
Agent fred fronts his cousin norm money to buy a client's house. shortly after the closing, agent fred flips the house and reali
VashaNatasha [74]
<span>This is the situation or case of real estate dealing in which Agent fred fronts his cousin norm money to buy a client's house. shortly after the closing, agent fred flips the house and realizes a substantial profit. agent fred's actions might be describe as Self-dealing.
Self-dealing is not considered good in real estate. In self-dealing you are interested in your own benefit more than the benefit of clients. There are many methods of dealing are used by agents in real estate field.</span>
3 0
3 years ago
A market researcher for a cable company is seeking to determine the number of households in a selected neighborhood that consist
diamong [38]

Answer:

Obtain census information available on the internet,

Explanation:

The number of households in the neighbourhood must have been captured during census and uploaded on the census board website or those of relevant agencies.

A visit to such websites to get the number of households in the neighbourhood of interest is very cost-efficient as the only thing that the market researcher needs to do is to have just internet subscription package which can be obtained for an extreme lesser fee when compared to paying the households visits, transporting to and fro and replenishing lost energy by buying food or taking energy drinks.

5 0
3 years ago
Read 2 more answers
Demand for a specific design of dinning sets has been fairly large in the past several years and Statewide Furnishings, Inc. usu
Harlamova29_29 [7]

Answer:

e. None of the above

Explanation:

Annual demand, D = 600 units

Ordering cost, S = $400

Holding cost, H = $50

Economic order quantity without stock-out = SQRT(2*D*S/H)

Economic order quantity without stock-out = SQRT(2*600*400/50)

Economic order quantity without stock-out = 98

Total annual ordering cost = (D/Q)*S + (Q/2)*H

Total annual ordering cost = (600/98)*$400 + (98/2)*$50

Total annual ordering cost = $2,448.97 + $2,450

Total annual ordering cost = $4,898.97

8 0
3 years ago
There are six households in a rural community. each household earns $40,000 per year. suppose that a new resident builds a mansi
Bezzdna [24]

Answer: The correct answer that the mean has increased, but the median stayed the same.

Explanation: The mean number is the average.  Prior to the new neighbor, each household's income was $40,000.  When a household income of $4 million is added, the mean is going to increase.

The median is the number in the middle when all of the numbers are lined up in order.  By adding the $4 million to the mix, the number is the middle is still going to be $40,000.

6 0
3 years ago
Other questions:
  • The _________________________ adds insight into what the organization must do to respond to adverse events, minimize the damage
    7·1 answer
  • Tell us your story. What will you contribute to our university community? Be specific.
    5·1 answer
  • Which of the following is a true statement about closing the books of a corporation?A)Expenses are closed to the Expense Summary
    7·2 answers
  • Munoz Airline Company is considering expanding its territory. The company has the opportunity to purchase one of two different u
    8·1 answer
  • On December 31, 2018, Wasley Corporation borrowed $500,000 on a 10%, 10-year mortgage note payable. The note is to be repaid wit
    10·1 answer
  • Debt is frequently incurred when plant assets are acquired. For example, debt may be incurred on the purchase of plant assets. D
    10·1 answer
  • You purchased five call option contracts with a strike price of $22.50 and an option premium of $.48. You held the option until
    13·1 answer
  • In what way are mutual funds similar to common stocks
    11·1 answer
  • Exercise 7-9 Percent of receivables method LO P3 a. Estimate the balance of the Allowance for Doubtful Accounts assuming the com
    8·1 answer
  • (STATEMENT OF STOCKHOLDERS’ EQUITY) In its most recent financial statements, Nessler Inc. reported $75 million of net income and
    11·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!