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Elodia [21]
3 years ago
6

Kimberly, a single taxpayer, sold three capital assets during September 2019. She sold a collectible painting held five years fo

r a gain of $3,000; stock held three years for a loss of $1,000; and stock held seven years for a gain of $5,000. Kimberly’s ordinary income marginal tax rate is 32% and her Regular LT Capital Gain tax rate is 15%. Compute Kimberly’s additional tax due as a result of these capital transactions.
Business
1 answer:
lawyer [7]3 years ago
5 0

Answer:

$1,050

Explanation:

since these three transactions involved capital gains or losses (investments lasted more than 1 year), they will be taxed using the capital gains tax rate = 15%

total capital gains = $3,000 (painting) + $5,000 (stocks) - $1,000 (other stocks) = $7,000

total taxes due = $7,000 x 15% capital gains tax rate = $1,050

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Use the following to answer questions 31 - 32: Ann is the president of the Paper Supply Company. She is thinking about updating
SSSSS [86.1K]

Answer:

31. B) 7,000 & 10,000

32. B) Alternative 2

Explanation:

Volume is 7000 tons :

Alternative 1 costs : $10,000 + (7000 * $10 ) = $80,000

Alternative 2 costs : $20,000 + (7000 * $8 ) = $76,000

Alternative 3 costs : $40,000 + (7000 * $6 ) = $82,000

Alternative 2 is the most cheapest option if the volume is between 7,000 tons to 10,000 tons.

7 0
3 years ago
What is a benefit of stock markets? A. They create jobs. B. They allow companies to generate income. C. They allow individuals t
Sedaia [141]

Investment Gains. One of the primary benefits of investing in the stock market is the chance to grow your money. Over time, the stock market tends to rise in value, though the prices of individual stocks rise and fall daily. Investments in stable companies that are able to grow tend to make profits for investors.

sooo the answer should be...

B. they allow companies to generate income.

hope this helps!

8 0
4 years ago
The following amounts represent totals from the first three years of operations. Calculate the balance of Retained Earnings at t
N76 [4]

Answer:

D. $3,500

Explanation:

we must focus on the result of the year and the dividends paid, since these decrease the  <u>Retained Earnings</u>

Cash flow has no impact and the insurance of stock  is within the result of the year

2019, income was 1200 less dividends allocated

200

<u>Retained Earnings</u>= 1000

2020 result of 500 without dividend distribution

<u>Retained Earnings</u>= 500

2021 result of 2300 and distribution of dividends by 300

<u>Retained Earnings</u>= 2000

<u>Total Retained Earnings</u>= 3500

4 0
4 years ago
Which type of financial aid is often based on merit, as opposed to financial need?
Vladimir79 [104]

Answer:

Scholarships

Explanation:

Merit-based aid goes to students based on their academic and/or extracurricular achievements rather than their financial need. Scholarships are the most common type of merit-based aid. Students may receive scholarships from nonprofit organizations, private businesses, and colleges and universities.

hope it helps you and give me a brainliest

7 0
2 years ago
Read 2 more answers
The statistical difference between a process operating at a 5 sigma level and a process operating at a 6 sigma level is markedly
Artemon [7]

Answer:

a. True

Explanation:

The statistical difference between a process operating at a 5 sigma level and a process operating at a 6 sigma level is markedly different when it comes to the number of defects present, which is a true statement because as we know process sigma indicates the process variation and is measured in terms of data units, while process sigma count Z, or process sigma level, is a count with no unit of measure and sigma is a statistical term that measures how much a process varies from perfection, based on the number of defects per million units. And also we know that a six sigma process is 1 in which 99.99966 percent of all chances to provide some characteristics of a part are statistically assumed to be free regarding defects.

5 0
3 years ago
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