1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Aleksandr-060686 [28]
4 years ago
7

A TP received $90,000 compensation from her employer, the value of her stock in ABC company appreciated by $5,000 during the yea

r (she did not sell any of the stock), and $10,000 of interest income from municipal bonds. What is the TP's reported gross income
Business
1 answer:
aivan3 [116]4 years ago
5 0

Answer:

$10,000

Explanation:

Capital gains tax only becomes due when you sell your investment. Therefore TP won't owe any tax while her stock gains value inside the portfolio. However, once she sell her shares, the profit must be reported on your tax return.

As a result, TP will only pay a tax on her profit at the capital gains rate., after she sells and the $5000 cannot be taxed yet.

Her total income is therefore received $90,000 compensation from her employer and $10,000 of interest income from municipal bonds.

You might be interested in
N average, someone with a Bachelor's degree is estimated to earn ____ times more than someone with a high school diploma. A
gregori [183]
People with a bachelor's degree<span> make 84% </span>more<span> over a lifetime than high school graduates.</span>
5 0
3 years ago
Smith, a single individual, made the following charitable contributions during the current year. Smith’s adjusted gross income i
pishuonlain [190]

Answer:

A) $7,000

Explanation:

Smith can deduct the $5,000 he donated to the church he attends. The art work donated to the local museum must be deducted at its basis, which is $2,000. Since he only purchased the painting 4 months before, the price increase will be considered a short term capital gain. Donated short term capital gain property must be deducted at basis.

The $1,000 he donated to the needy family is not deductible, since it wasn't a qualifying organization.

3 0
4 years ago
While eating at a restaurant, you see a waiter s serving tray tilt and an avalanche of food and beverages splatters on four peop
erica [24]

Answer:

D. The fundamental attribution error

Explanation:

The fundamental attrubution error is the likeliness for individuals to over emphasize personality based explanations for actions observed in others while under emphasizing situational explanations. It is a bias in which an individual action is said to depend on the type of person he is. What the individual committed in this case is fundamental attribution error also called correspondence bias or over attributional effect. With this bias, it is not believed that social and environmental factors influences individual actions.

4 0
3 years ago
The answer should be C. Bc clip art can have text illustrations etc!
Leokris [45]
It’s C ..................,..
5 0
3 years ago
Sydnee would like a chart to appear once in her report, but she is having trouble making this occur. She does not understand why
sammy [17]

Answer:

The chart is placed in a database with five groups.

Hope this helped.

7 0
3 years ago
Other questions:
  • A study attempted to estimate the proportion of Florida residents who were willing to spend more tax dollars on protecting the b
    14·1 answer
  • Bruno and Diana are trying to calculate their gross income. Which of the following items should they exclude from their gross in
    14·1 answer
  • All of the following must be disclosed on municipal bond trade confirmation EXCEPT: A "In Whole" call dates B For revenue bonds,
    5·1 answer
  • Question 14 Swifty Company uses a job order cost system in each of its three manufacturing departments. Manufacturing overhead i
    13·1 answer
  • How much was nasa paid to launch west germany's spas-01 satellite in 1983?
    11·1 answer
  • Glacial Company estimates that variable costs will be 53.1% of sales, and fixed costs will total $710,000. The selling price of
    6·1 answer
  • Liability comparisons Merideth Harper has invested​ $25,000 in Southwest Development Company. The firm has recently declared ban
    12·1 answer
  • An infant who begins to explore the environment by actively taking independent action is entering the:
    14·1 answer
  • Write an essay about jimmy neutron best essay gets brainliest
    13·1 answer
  • What are the 3 types of investors?
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!