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Nesterboy [21]
3 years ago
8

Lee qualified as head of a household for 2019 tax purposes. Lee’s 2019 taxable income was $100,000, exclusive of capital gains

and losses. Lee had a net long-term capital loss of $8,000 in 2019. What amount of this capital loss can Lee offset against 2019 ordinary income?
Business
1 answer:
Vlada [557]3 years ago
3 0

Answer:

$3,000

Explanation:

The IRS allows a head of household or joint filers to deduct from their gross income up to $3,000 as net capital losses in one year. If there exists any remaining amount it should be treated as long-term capital loss carryover for next year's taxes.

In this case Lee will be able to deduct $3,000 this year and the remaining $5,000 will remain as long-term capital loss carryover for 2020.

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Challenges encountered in satisfaction of human wants​
bearhunter [10]

Explanation:

They are unlimited/many. Human needs are never restricted, they are infinite and keeps on changing because of various factors. ...

Scarce resources to satisfy them. ...

are recurrent/felt again and again. ...

some are complimentary. ...

change with time age and gender.

8 0
2 years ago
How have airplanes changed the way the world does business? Check all that apply. by making long trips less expensive by making
Marina86 [1]

Answer:

a. by making long trips less expensive

b. by making long trips in less time

c. by opening up new trade markets

e. by increasing travel options

Explanation:

5 0
3 years ago
Read 2 more answers
A mining company is considering a new project. Because the mine has received a permit, the project would be legal; but it would
IgorLugansk [536]

Answer:

With mitigation: NPV =$36,670,000, IRR= 15,24%

Without mitigation: NPV= $ 42,000,000, IRR= 19,86%

Explanation:

To calculate the Net Present Value (NPV) we have to sum the present value of a project´s cash flows (positive and negative cashflows). To do so, we need: the number of periods of the project, the discount rate, cost of captal  or WACC, and the future values of the cash flows. Then we apply the formula attached.

To calculate the Internal Rate of Return (IRR) we have to find the discount rate, cost of capital or WACC that makes the NPV equal to cero. That means we have to find a rate in which the investor do not create or destroy value, only recovers the investment. I attached the formula.

But, this is better if we use excel:

First we copy the cash flows of the two projects. To find the NPV we use the financial formula "NPV" in this way:

"=NPV(rate;cash flows from year 1 to year 5)+ cash flow of year 0"

To find the IRR we use the financial formula "IRR" in this way:

"=IRR(cash flows from year 0 to year 5)"

I attached the excel figure.

6 0
3 years ago
Restate the following income statement for a retailer in contribution format. Sales revenue ($100 per unit) $ 98,000 Less cost o
Rudiy27

Answer:

                        <u>Contribution Margin Statement</u>

Sales revenue ($100 x 980)                               $98,000

Less Variable costs:

cost of goods sold ($58 x 980)         $56,840

Commissions expense ($5 x 980)    $4,900

Shipping expense ($3 x 980)            <u>$2,940</u>

                                                                             <u>$64,680</u>

Gross margin                                                       $33,320

Less Fixed costs:

Salaries expense                                $7,900

Advertising expense                          <u>$5,800</u>

                                                                             <u>$13,700</u>

Net Profit                                                             <u>$19,620</u>

5 0
3 years ago
Sari, a movie theater manager, recently implemented a policy stating that workers who are willing to work a double shift on Frid
e-lub [12.9K]

Answer:

soldiering

Explanation:

According to Taylor, is the slow working because the workers who are paid the same amount , will work at the slowest pace. Giving bonuses is a way to mitigate this.

8 0
3 years ago
Read 2 more answers
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