Answer:
short: 11,000 --> 1,320 income tax
long: 11,000 --> zero tax income
Explanation:
The capital gains are clasiffied as long.term gain once they were held for period of time of more than a year during the current holder.
Thus, the 13 month ago investment will be considered long term
while the other short term
the rate for short term is 12% at Samuel income bracket
while the long.term capital gain will not be taxed,
short term:
11,000 x 12% = 1.320
Answer:
$346,120
Explanation:
Calculation for what Angel's hypothetical tax expense in its reconciliation of its income tax expense is
Using this formula
Tax expense =Pretax book income*Tax rate
Let plug in the formula
Tax expense =$1,018,000*34%
Tax expense =$346,120
Therefore Angel's hypothetical tax expense in its reconciliation of its income tax expense is $346,120
<span>µ, or the population mean, may be defined as the average annual earning of all Haque & Slash hair styling franchises. x measures only the average annual earnings of the 50 randomly selected Haque & Slash hair styling franchises.</span>
