Answer:
The question is incomplete since we are not told if the capital gain is a short or long term gain. So I will answer the question in both possible scenarios.
Short term capital gains:
They are taxed as ordinary income, so the net gain = $35,000 - $7,000 = $28,000
Net gain after taxes = $28,000 x (1 - 53.31%) = $13,073.20
Long term capital gains:
They are taxed at a much lower rate that ranges from 0 to 20%. In this case, Christopher is probably taxed at 20%.
Net gain after taxes = $28,000 x (1 - 20%) = $22,400
Explanation:
Answer:
B, In response to low crop prices and overproduction, it is being replaced by intensive subsistence farming.
Explanation:
A market economic system is one in which laws of demand and supply determine the production of goods and services. Agriculture in market economic systems is not being replaced by subsistence farming because subsistence farming is low scale farming that meets the needs of a family and as such is not affected by any laws of demand and supply as in commercial farming.
Cheers.
Im pretty sure that it is d
Answer:
a. the difference between actual and budgeted fixed overhead costs.
Explanation:
As we know that
The variance is shows the difference between the actual amount and the budgeted amount or estimate amount
So, the total fixed overhead variance is the difference between the actual fixed overhead costs and the budgeted fixed overhead costs i.e to be fixed in nature
Hence, the first option is correct
