Answer:
Net Income = Gross Income - Taxes Owed
Explanation:
Net income is the amount one gets after all deductions are considered. Deductions include taxes, expenses, voluntary and involuntary contributions.
To a salaried person, net income is the gross pay minus taxes and all deductions. It is the take-home pay.
I can't give my answer it is telling me that my words are rude. see comments for answer
Fixed cost is an example of any cost that does not change when the firm changes its output, since it is an amount that is set in stone.
The correct answer for this question is this one:<span>
6. Student Council would be a good activity to learn more about Business, Management, and Administration. (1 point) ☐ True ☐ <u>False</u>
9. Government and Public Administration workers help pass and enforce the law. However, they are only found at the national level. (1 point) ☐ <u>True</u> ☐ False
11. If you are a worker in the Hospitality and Tourism cluster you could major in Museology/Museum Studies. (1 point) ☐ True ☐ <u>False</u>
13. Industries in Information Technology include telecommunications and professional, scientific, and technical services. (1 point) ☐ <u>True</u> ☐ False
15. Electrical and Power Transmission Installers do not fall in the Manufacturing cluster. (1 point) ☐ <u>True</u> ☐ False
17. There are only 2 pathways found for Science, Technology, Engineering, and Mathematics. (1 point) ☐ True ☐ <u>False</u>
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Hope this helps answer your question and have a nice day ahead.
Answer:
a) the maximum amount that Bill and Laura will be able to deduct during the current year is $3,000. Their remaining loss = $19,000 - $3,000 = $16,000. The remaining $16,000 loss must be carried forward and deducted in subsequent years, or year, depending on their future capital gains. Total tax saved during this year = $3,000 x 39.6% = $1,188.
b) additional tax liability = $15,000 x 20% = $3,000
c) if they sell both, then their long term capital gains = $15,000 - $19,000 = -$4,000. They can deduct $3,000 during the current year, and the remaining $1,000 loss can be deducted in subsequent years. Total tax saved during this year = $3,000 x 39.6% = $1,188.
