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
Nookie1986 [14]
3 years ago
5

Harry is a citizen and resident of Saudi Arabia. During the current year, Harry never visits the United States, nor does he hold

a green card. However, he realized a gain on the sale of Extel Corporation stock, a corporation organized in the United States. The United States does NOT have an income tax treaty with Saudi Arabia. What is the Source of Income and how does the U.S. tax the income
Business
1 answer:
rjkz [21]3 years ago
7 0

Answer:

The source of income is the capital gain realized when Harry sold the stocks of Extel Corporation. Generally, nonresident aliens (like Harry) are subject to a 30% tax on all their US income sources. E.g. if Harry made a capital gain of $1,000 when he sold the stocks, he will need to pay $300 to the IRS.

Some exemptions apply to foreign students, resident aliens or people that work for foreign governments, but Harry doesn't fit in any of these categories.

You might be interested in
Enter mia profit/loss for the 2 month
Tems11 [23]
She profits more each month
8 0
3 years ago
The preferred method for situations involving strategic decision making, projects with a high degree of
Nataly_w [17]
I Found the answer on internet.

The preferred method for situations involving strategic decision making, projects with a high degree of UNCERTAINTY AND PROJECTS WITH AN UNSTOPPABLE SCOPE IS THE TOP-DOWN APPROACH. TOP DOWN APPROACH IS USED TO ESTIMATE PROJECT TIME AND COSTS.
5 0
3 years ago
Which of the following equals the amount of public​ saving?
ollegr [7]

Answer:

The answers are:

  • A) Government tax revenue minus the sum of government purchases and transfer payments to households.
  • B) a budget surplus

Explanation:

The formula to calculate public saving is (T - G - TR).

  • T stands for all the government revenue through taxes and tariffs.
  • G stands for all the government spending including purchase of goods and provision of services.  
  • TR stands for all the government transfers including payments to individuals and households through social programs (including social security).  

Budget surplus is the same as public saving.

3 0
3 years ago
Given the following information, calculate the loan-to-value ratio of this commercial loan: estimated net operating income in th
tatyana61 [14]

Answer:

b. 0.77

Explanation:

The formula to compute the loan to value ratio is shown below:

= Loan amount ÷ Purchase price

= $1,000,000 ÷ $1,300,000

= 0.77

It shows a relationship between the loan amount and the purchase price so that the accurate ratio can come

All other information that is given is not relevant as it is related to the debt yield ratio. Hence, ignored it

7 0
3 years ago
An open market ________ leads to a(n) ________ of reserves and deposits in the banking system and hence to a(n) ________ of the
netineya [11]

Answer:

purchase; expansion; expansion

Explanation:

An open market purchase leads to a(n) expansion of reserves and deposits in the banking system and hence to a(n) expansion of the monetary base and the money supply

Open market operations is how central bank purchases or sells government securities in order to expand or contract money in the banking system and influence interest rates.

8 0
3 years ago
Read 2 more answers
Other questions:
  • Ross White's machine shop uses 2,500 brackets during the course of a year, and this usage is relatively constant throughout the
    5·1 answer
  • In most of the 1970s, the fed's policy created expectations of high inflation. true false
    6·1 answer
  • Chris Bowie is trying to determine the amount to set aside so that he will have enough money on hand in 5 years to overhaul the
    12·1 answer
  • McRae Corporation's total current assets are $460,000, its noncurrent assets are $560,000, its total current liabilities are $38
    6·1 answer
  • When figuring out the total amount of debt you are responsible for, you should include
    14·1 answer
  • Many businesses today are abandoning the traditional business attire and allowing their employees to come to work in business ca
    15·1 answer
  • Sox Corporation purchased a 30% interest in Hack Corporation for $ 1,725,000 on January 1, 2018. On November 1, 2018, Hack decla
    12·1 answer
  • Congress has the power to create special courts. True False
    11·1 answer
  • When preparing a statement of cash flows (indirect method), an increase in ending inventory over beginning inventory will result
    9·1 answer
  • a bank lender is concerned about the creditworthiness of one of its major borrowers. the bank is considering using a swap to red
    9·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!