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earnstyle [38]
3 years ago
14

For 2019, a taxpayer and spouse have $1,600 of nonbusiness capital gains, $1,000 of nonbusiness capital losses, $13,000 of inter

est income, $12,000 of itemized deductions (none of which are personal casualty and theft losses), $3,000 of business capital losses, and $1,000 of business capital gains. How much must they add back to taxable income to calculate the NOL?
Business
1 answer:
horsena [70]3 years ago
6 0

Answer:

$400

Explanation:

To calculate the amount of money they need to add to taxable income to calculate the net operating loss (NOL):

= business capital losses - [business capital gains + (nonbusiness income + net nonbusiness capital gains - nonbusiness deductions)]

= $3,000 - [$1,000 + ($13,000 + $600 - $12,000)] = $3,000 - ($1,000 + $1,600) = $3,000 - $2,600 = $400

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An American helicopter manufacturer contracted with a foreign hospital located in a severely war-torn region to sell five helico
sergij07 [2.7K]

Answer: Yes, because the helicopter manufacturer assumed the risk of the failure of the contract.

Explanation:

Based on the scenario given in the question, the subcontractor will likely prevail because the helicopter manufacturer assumed the risk of the failure of the contract.

Here, when the helicopter manufacturer entered into the contract with the subcontractor, the manufacturer was aware that the helicopters will be used in the "severely war-torn region.

In this case, the subcontractor wasn't aware of the information that the manufacturer knew of and therefore wasn't able to determine the risk that was involved in the contract.

7 0
2 years ago
Ricardo's utility depends on his consumption of good q1 and good q2, where the price of good q1 is initially $30 and the price o
adelina 88 [10]

Answer: 67

Explanation:

8 0
3 years ago
You and a group of friends are planning to visit a theme park, which charges $60 for admission, $100 for a two-day pass, and $13
enyata [817]

Answer:

<u><em>Part 1. </em></u>

  • <em>Average cost per day of a three-day pass</em> =  $53.33/day per person

  • <em>Marginal cost of adding the third day </em>= $190 - $160 = $30 per person

<em />

<em><u>Part 2.</u></em>

  • <em>Group's marginal cost of switching from the two-day pass to the three-day pass</em> = $180

Explanation:

The total <em>cost</em> is the <em>admission charge</em> ($60) plust the cost of the pass ($100 or $130).

For a <em>two-day pass</em> that is: $60 + $100 = $160, per person

For a <em>three-day pass</em> that is: $60 + $130 = $190, per person

<u><em>Part 1. The average cost per day of a three-day pass per person. </em></u>

The <em>average cost</em> is the total cost divided by the number of days.

  • <em>Average cost</em> = $160/3days = $53.33/day per person

The <em>marginal cost of adding the third day</em> per person is found by subtracting the total cost for two days from the total cost for three days:

  • <em>Marginal cost of adding the third day</em> = $190 - $160 = $30 per person

This says that althoud the average cost for the three days is $53.33 the cost of adding the third day is $30, which is much lower; thus, it is a good deal to buy a three-days pass, as they are interested in spending a lot of time there.

<u><em>Part 2. The group's marginal cost of switching from the two-day pass to the three-day pass</em></u>

<em></em>

Since the <em>marginal cost of switching from the two-day pass to the three-day pass</em> is $30 per person, the marginal cost for the 6-person group is 6 times $30:

  • 6 persons × $30/person = $180.

8 0
3 years ago
Jack has a ticket to see Bo Bice for which he paid $30 yesterday. He takes an unpaid day off from work to get ready for the conc
valentina_108 [34]

Answer:

$70

Explanation:

The opportunity cost is the value in which the advantage is produced from the options available. The best gain is term as the opportunity cost

In the question, it is given that the offered price is $70 and the yesterday price is $30 which was paid which terms as a sunk cost. This cost is not useful for decision making as well as for computing the opportunity cost also

So, only $70 would be considered

3 0
3 years ago
What is an example of a comparative advantage of Mexico over the United States?
Neporo4naja [7]

Answer:

For example, a trade where the U.S. exports 4,000 refrigerators to Mexico in exchange for 1,800 pairs of shoes would benefit both sides, in the sense that both countries would be able to consume more of both goods than in a world without trade.

<h3>hope it's help you </h3><h3>plz mark as brain list</h3>
3 0
3 years ago
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