Answer:
The tax on Kaitlyn's capital gain was $100
Explanation:
In order to calculate the tax on Kaitlyn's capital gain we would have to calculate first the Nominal capital gain as follows:
nominal capital gain=$400 - $200
nominal capital gain= $200
Therefore, tax on Kaitlyn's capital gain= tax percentage×nominal capital gain
=50%×$200
=$100
The tax on Kaitlyn's capital gain was $100
The bank, which is pretty much the whole government if you think about it.
Answer: S corporation
Explanation:
The tax benefit for S corporations is that business income, as well as many tax deductions, credits, and losses, are passed through to the owners, rather than being taxed at the corporate level. This avoids the chance of “double taxation,” that occurs with C corporations, when dividend income is taxed first at the corporate level and then at the shareholder level.
Answer:
What is the difference between marketing and merchandising? How do each of these concepts fulfill a different function in the business world? Explain and provide a real-world example of each.
