Answer: $223,000 long-term capital gain.
Explanation:
LEGALLY MARRIED couples who file a JOINT TAX RETURN, selling their Place of PRIMARY RESIDENCE are allowed to reduce by $500,000, their Long-term capital gain.
That means that Mr. and Mrs. Frazier, bless their souls, are allowed to remove $500,000 from the total $723,000 and as such recognize only $223,000 as tax consequence on long-term capital gain.
I guess Uncle Sam likes marriages.
If you need any clarification do react or comment.
After the trade the other island has a total of 150 coconuts and 1300 fish.
<h3>What do you mean by the comparative advantage?</h3>
Comparative advantage refers to the maximization of the efficiency of the economy and its well being by focusing on the production of those resources, which country can produce and exports them in the exchange of those goods, which a country does not produce.
One can have the comparative advantage at production if it could produce the goods at lower cost as compare to the others.
Here, both the islands focus only on the making of the thing they're best at doing.
Learn more about the comparative advantage here:-
brainly.com/question/13221821
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Answer:
C) Sales Tax
Explanation:
The Government-wide Statement of Activities shows the revenues and expenses of the government and the general revenues indicate all the taxes, aid received from other governments and earnings from investments. According to that, the answer is that the option that is considered a source of general revenue in the Government-wide Statement of Activities is sales tax.
Answer:
$1,522
Explanation:
For computing the future value, first we have to determine the simple interest which is shown below:
= Principal × rate of interest × time period
= $1,000 × 5.8% × 9 years
= $522
Now the future value would be
= Principal amount + Simple interest
= $1,000 + $522
= $1,522
First, we simply applied the simple interest formula then we compute the future value by adding the principal amount and the simple interest
