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hichkok12 [17]
3 years ago
14

A customer in the 28% tax bracket has $6,000 of capital gains and $9,000 of capital losses. How much unused loss is carried forw

ard to the next tax year?
Business
1 answer:
rusak2 [61]3 years ago
7 0

Answer:

Nill

Explanation:

Given that;

Capital gain tax = $6,000

Capital losses = $9,000

Net loss = Capital loss - Capital gain

Net loss = $9,000 - $6,000

Net loss = $3,000

Recall that maximum net loss deductible from taxes in a year is $3,000

Therefore,

Unsecured loss carried into next year

= Net loss - Deductible

= $3,000 - $3,000

= Nil

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Why are financial intermediaries willing to engage in information collection activities when investors in financial instruments
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C. Banks make private​ loans; their conclusions on who is creditworthy are not made public.

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An investor holding a short position in a maturing futures contract may:
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3 years ago
You can receive 400,000 five years from today or 1,000,000 thirty years from today. what interest rate makes them equivalent?
deff fn [24]

Answer:

3.73%

Explanation:

The computation of the rate of interest that makes the equivalent is shown below:

As we know that

Present value=Cash flow × Present value discounting factor ( interest rate% , time period)

Let us assume the interest rate be x

where,

Present value of $400,000 is

= $400,000 ÷ 1.0x ^5

And,

Present value of $1,000,000 be

= $1,000,000 ÷ 1.0x^30

Now eqaute these two equations

$400,000 ÷ 1.0x^5 = $1,000,000 ÷ 1.0x^30

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3 0
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