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kupik [55]
3 years ago
6

Mikey initially invested $2,400 in a company and has held this investment for 3 years. He sold the investment after 3 years for

$4,950. Assuming he is in the 39.6% tax bracket, what is his tax savings with capital gains rates?
Business
1 answer:
Tanzania [10]3 years ago
3 0

Answer:

499.80

Explanation:

There is no 39.6% tax bracket, the highest marginal tax is 37%. But we can assume that Mikey had to pay 39.6% in taxes which means that he is in the seventh tax bracket (highest). Since he is classified under the highest tax bracket, he will also pay the highest capital gains rate which is 20%.

Mikey's long term capital gain = $4,950 - $2,400 = $2,550

if he paid regular income taxes = $2,550 x 39.6% = $1,009.80

since he pays capital gains taxes = $2,550 x 20% = $510

That means he saves $1,009.80 - $510 = 499.80

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The correct answer is: Demographic.

Explanation:

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To continue, there are many segmentation approaches, however the one used according to the age of the audience is the <em>''demographic segmenation''</em>, that focuses in the consumers' demographic variables such as age, sex and gender, assuming that their similar profiles will exibit similar purchasing patterns.

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3 years ago
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Explanation:

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7 0
3 years ago
Which is most likely to happen to consumers with good credit? Check all that apply.
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Answer:

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