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oksian1 [2.3K]
3 years ago
6

To minimize the effect of capital gains tax, what is the least amount of time for which an investment should be held?

Mathematics
1 answer:
Elodia [21]3 years ago
8 0

Answer:

C) 366 days

Step-by-step explanation:

Capital gains taxes are classified into:

  1. Short term capital gains which are taxed at the same marginal tax rate than ordinary income. Any investment held for one year or less is subject to short term capital gains.
  2. Long term capital gains which are taxed at a generally lower tax rate, e.g. 0 - 15% - 20%. An investment must be held for more than one year to be considered a long term capital gain.  
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Bonita deposited $1300 into a bank account that earned 5.75% simple interest each year. She earned $299 in interest before closi
nika2105 [10]

Bonita deposited $1300 into a bank account that earned 5.75% simple interest each year.

She earned $299 in interest before closing the account.

Principle =  $1300

Rate =  5.75%

Simple interest =  $299

Put all the value in the formulaTime = 4 years

Therefore

 4 years was the money in the account .

8 0
3 years ago
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On a certain hot​ summer's day, 391 people used the public swimming pool. The daily prices are $1.25 for children and $2.25 for
Tomtit [17]

127 children and 264 adults swam at the public pool that day

Step-by-step explanation:

On a certain hot​ summer's day

  • 391 people used the public swimming pool
  • The daily prices are $1.25 for children and $2.25 for adults
  • The receipts for admission totaled $752.75

We need to find how many children and how many adults swam at the public pool that​ day

Assume that the number of children is x and the number of adult is y in that day

∵ x children swam that day

∵ y adults swam that day

∵ 391 people used the swimming pool that day

- Add x and y, then equate the sum by 391

∴ x + y = 391 ⇒ (1)

∵ The daily price for children is $1.25 per child

∵ The daily price for an adult is $2.25

∵ The receipts for admission totaled $752.75

- Multiply x by 1.25 and y by 2.25, then add the products and

  equate the sum by 752.75

∴ 1.25x + 2.25y = 752.75

- Divide each term by 1.25 to simplify the equation

∴ x + 1.8y = 602.2 ⇒ (2)

Now we have a system of equations to solve it

Subtract equation (1) from equation (2) to eliminate x

∵ (x - x) + (1.8y - y) = 602.2 - 391

∴ 0.8y = 211.2

- Divide both sides by 0.8

∴ y = 264

- Substitute the value of y in equation (1) to find x

∵ x + 264 = 391

- Subtract 264 from both sides

∴ x = 127

127 children and 264 adults swam at the public pool that day

Learn more:

You can learn more about the system of equations in brainly.com/question/2115716

#LearnwithBrainly

6 0
3 years ago
-3x - y = 0 and -8x +5y=7
andrezito [222]

Answer:

-23x = 7

Step-by-step explanation:

-3x - y =0

×5. ×5 ×5

-15x -5y = 0

-8x +5y = 7

-15x -5y -0

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Answer this please due in a hour
horrorfan [7]

Answer: 1. b=-3/2 or -1 1/2

2. B=17/3 or 5 2/3

3. K=-14

Step-by-step explanation:

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