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Sphinxa [80]
3 years ago
8

a customer has $12,000 of capital losses and $4,000 of capital gains in a tax year. On that year's tax return, the investor has

a: A $3,000 capital loss deduction with no loss carryforward B $3,000 capital loss deduction and a $5,000 loss carryforward C $8,000 capital loss deduction with no loss carryforward D $12,000 capital loss deduction
Business
1 answer:
Oksi-84 [34.3K]3 years ago
8 0

Answer:

B $3,000 capital loss deduction and a $5,000 loss carryforward

Explanation:

The computation is shown below:

The Net capital loss is

= $12,000 - $4,000

= $8,000

There is the maximum deduction with respect to the net capital loss arise from the other sources i.e. $3,000

So,  

Loss carry forward is

= $8,000 - $3,000

= $5,000

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Patrick, an attorney, is the sole shareholder of Gander Corporation, a C corporation. Gander is a personal service corporation w
Step2247 [10]

Answer:

Therefore, the Salary that Gander Corporation Pay Patrick during the Period without Negative Tax effects is $15,000.

Explanation:

Calculation of the Salary that Gander Corporation Pay Patrick during the Period:

December 1 through December 31 of the Current Year is One Month, They have to Pay 1/12 of the following year tax:

The salary for the deferral period (December 1 through December 31) must be at least proportionate to the employee’s salary received for the fiscal year.

Gander Corporation must pay the amount to Patrick during the Period December 1 through December 31, to permit the continued use of its fiscal year without negative tax effects is as follows,

$180,000 *1/12 = $15,000

4 0
3 years ago
A newspaper reports that the average price of new homes in a certain city had decreased, and the number of new homes sold had al
Zielflug [23.3K]

Answer: Decreasing the incomes of people in the city

Explanation:

 According to the given situation, the newspaper reporting about the average price range of the new homes are decreased in the city and also the new homes selling average are also decreases.

It is basically caused by the average income level of that specific city are get decease.

When the income of the people are decreases then it cause less spending on the things and the budget are get highly effected so that is why they are unable to buy any kind of property.  

 Therefore, Decreasing the incomes of people in the city is the correct answer.

3 0
3 years ago
The most obvious benefit of specialization and trade is that they allow us to
Kipish [7]
The most obvious benefit of specialization and trade is that they allow us to: <span>Consume more goods than we otherwise would be able to consume
When we do specialization, we could produce the goods that provide competitive advantage for us so we can produce that goods in a huge amount.
After that, we can trade the goods with other goods (which gives competitive advantage to other country) and trading countries could consume goods on a huge amount.</span>
6 0
3 years ago
to insure goods to send them overseas it costs the exporter 5/2% of the value of the goods. if the goods are valued at 16.400$,
Marianna [84]

Answer:

the insurance cost is $410

Explanation:

The computation of the insurance cost is shown below:

Given that

The exporter charged 5 by2% of the value of the goods for insured the goods

And, the goods are valued at $16,400

So the insurance cost is

= $16,400 × 5 ÷ 2%

= $16,400 × 2.5%

= $410

hence, the insurance cost is $410

3 0
2 years ago
Cual es la altura del edificio sis e conocen los datos que se muestran en la figura<br>​
erastova [34]

Answer:

Falta que pongas la foto

4 0
3 years ago
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