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
ICE Princess25 [194]
3 years ago
8

Perry, a single taxpayer, has taxable income of $198,000 and is in the 32% tax bracket. During 2020, he had the following capita

l gains and losses. Gain from a long time capital asset (held for 10 years) $25,000 Loss from the sale of A stock (held for 4 years) $10,000 Gain from the sale of B stock (held for 8 month) $4,000 Perry's tax consequences from these gains are as follows: A. None of these. B. (15% x $25,000) (32% x $10,000) C. 15% x $34,000 D. (32% x $35,000) (15% x $4,000) E. (15% x $35,000) (32% x $4,000)
Business
1 answer:
mr_godi [17]3 years ago
8 0

Answer:

A. None of these.

Explanation:

Perry's capital gains taxes = $25,000 - $10,000 = %15,000 x 15%

both investments were held for periods longer than 1 year

Addition to Perry's ordinary income = $4,000 x 32%

since Perry only owned the investment for 8 months it is considered short term gain

You might be interested in
The eventual result in the U.S. v. Microsoft case was: a. Bill Gates was sentenced to one year in prison for violations of the S
liraira [26]

Answer: C. The court concluded that Microsoft violated the Sherman Act

Explanation: The case between United States v. Microsoft Corporation which took place at the

United States Court of Appeals for the District of Columbia Circuit during the period February 26–27, 2001 and was finally decided June 28, 2001.

It was decided by the District Court that Microsoft violated the Sharma Antitrust Act of 1890.

4 0
3 years ago
Consider a firm that operates in a perfectly competitive market. Currently the firm is producing 50 units of output and at that
Norma-Jean [14]

Answer:

$450

Explanation:

Data given in the question

Number of the units produced is 50 units

Marginal revenue is $6

Now the output increase by 50%

So, the total revenue is

= Number of units produced × marginal revenue + increased output percentage × (Number of units produced × marginal revenue)

= 50 units × $6 + 50% of $300

= $300 + $150

= $450

We simply compute by applying the above information

6 0
3 years ago
Which of these is NOT a major export of the United States
Lemur [1.5K]
Agricultural products is the answer
4 0
3 years ago
List and briefly describe (in order) the six steps required to store a record properly.
olga2289 [7]
<span>1. Find a good spot to store your records--neither too cool, too hot, or exposed to direct light / water. 2. Make use of the original sleeves. 3. Make your own sleeve out of wax / butcher paper if the original is inaccessible. 4. Intersperse records with rigid cardboard inserts to keep from accidental bending. 5. Keep records tightly compacted to avoid wiggle room / slippage. 6. Return to sleeve immediately after use, and have fun!</span>
8 0
3 years ago
Tom and his family have developed a successful business selling a liquid spray fertilizer to farmers. The fertilizer consists of
Step2247 [10]

Answer:

A)

NuBreed's efforts are an example of the <u>threats of substitute products and services</u> in Porter's model for industry analysis.

Explanation:

Porter's five forces are:

  1. Threat of New Entrants
  2. Threat of Substitute Products or Services: a substitute product is an available product from another company that your customers might purchase since they offer similar benefits than your product.
  3. Bargaining Power of Buyers
  4. Bargaining Power of Suppliers
  5. Competitive Rivalry Among Existing Firms
5 0
3 years ago
Other questions:
  • LBC Corporation makes and sells a product called Product WZ. Each unit of Product WZ requires 3.0 hours of direct labor at the r
    12·1 answer
  • Selected information from the accounting records of Ellison Manufacturing Company follows:
    15·1 answer
  • Moyer Corporation is a specialty component manufacturer with idle capacity. Management would like to use its extra capacity to g
    14·1 answer
  • If the economy is at equilibrium above potential output:
    6·1 answer
  • While only certain leases are currently accounted for as a sale or purchase, there is theoretical justification for considering
    8·1 answer
  • The equation calculates an annual rate in economics.
    9·2 answers
  • What is consumer surplus? Using real-world data, what information would you need to measure consumer surplus for a product?
    9·1 answer
  • Hello, could you answer this question for me?
    7·1 answer
  • For a market to exist:
    6·1 answer
  • An interpersonal skill is something that you cannot develop.<br><br> a. True<br><br> b. False
    15·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!