This question is incomplete.
The complete question, answer & explanation for this question is given in the attachment below.
Tax is calculated using the formula:
Tax amount = (% Tax)
After-tax income can be calculated using the formula:
After-tax income = (1 - %tax / 100) * Income
We are given that:
% tax = 40%
Say for the income, this is only the amount needed for
the Mercedes so, Income = $60,000
After-tax income = (1 – 40 / 100) * $60,000
<span>After-tax
income = $36,000</span>
Answer:
Jonah earned $165.51 in commission
Explanation:
add all of jonah's sales together and multiple them by .09
Answer:
Nexsen new stock basis is $82.67
The holding period of new stock begin on the date new stock was purchased.
The sale of rights produce capital gain of $550
Explanation:
Sale price of the right stock:
Purchase price of right stock is 75 stocks * $90 = $6,750
Less: Selling price of right stock is 25 stocks * $22 = $550
Total cost of right stock is $6,200
No of right stock purchased 75
Cost per stock is $6,200 / 75 = $82.67
Answer:
C. tactical asset management
Explanation:
Selecting the percentage of total asset to be allotted to a given asset is known as strategic asset management. The percentage of variation from which the asset manager can choose from is called Tactical asset management, so that the manager can take advantage of opportunities within the market.
Tactical asset management is a constantly changing investment strategy that deliberately changes portfolio asset allocation so as to maximize market opportunities.
