Answer:
There is three dots click there there is report option click there and send report
Business net income $130,000
Dividends $2,000
Long-term capital gain $5,000
Short-term capital loss $10,000
$130,000 + $2,000 + $5,000 = $137,000
$137,000 - $10,000 = $127,000
Based on my these figures, Barton’s taxable income is $127,000.
Explanation:
in global business obligation plan more ideas
Answer:
The total proceeds from the common-stock sale amounts to $139,500,000
Explanation:
The aggregate proceeds from the sale of common stock is computed as:
Total proceeds from sale of common stock = Number of shares issued × Offer Price per share
where
Number of shares issued is 5 million that is 5,000,000
Offer Price per share is $27.90
By putting the values in the above formula:
= 5,000,000 × $27.90
= $139,500,000
<u>Answer: </u>A deduction for a loss incurred on the sale of a capital asset held for investment is a deduction for AGI.
<u>Explanation:</u>
AGI means the Adjusted gross income in the US tax system. Specific deductions are made from the individuals gross income to arrive at the AGI. the income which is taxable is calculated from the adjusted gross income from which personalized exemptions and itemized deductions.
In this case Sara has got a loss of $2,000 on the investment so this amount is deducted as a capital loss for AGI. AGI factors many allowable deductions from the gross income on which the income tax liability is calculated.
