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marusya05 [52]
3 years ago
5

In the current year, Jeanette, an individual in the 24% marginal tax bracket, recognized a $20,000 long-term capital gain. Also

in the current year, Parrot Corporation, a calendar year C corporation, recognized a $20,000 long-term capital gain. Neither taxpayer had any other property transactions in the year. What tax rates are applicable to these capital gains
Business
1 answer:
Leno4ka [110]3 years ago
6 0

Answer:

Capital gains tax rate applicable to Jeanette

Capital gains tax rate applicable to Parrot Corporation

Explanation:

Jeanette's capital gains tax liability = $20,000 x 15% = $3,000

Parrot Corporation's capital gains tax liability = $20,000 x 21% = $4,200

Corporations pay the same tax rate for ordinary income or for capital gains, but individuals have different tax rates.

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During the ___________ stage of the product life cycle, firms either position themselves for a niche segment of diehard consumer
Sonbull [250]

Answer:

decline

Explanation:

Based on the information provided within the question it can be said that the stage that is being mentioned is the decline stage of the product life cycle. This stage is classified as the terminal stage in which sales begin to plummet to the point where production completely stops. Therefore at this point a company needs to make a decision on whether to continue producing for a niche segment (if it exists) or completely exit the market for that product.

6 0
4 years ago
An asset (not an automobile) placed in service in June 2018 has a depreciable basis of $35,000 and a recovery period of 5 years.
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Answer:

The Cost that can be deducted will be $3,500

Explanation:

     Bonus Depreciation=$35,000*50%=$17,500

     Now cost deductible in 2018 will be=$17,500/5=$3,500

Currently 50% bonus depreciation being deducted on assets as per new rulings.

5 0
3 years ago
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How are students chosen for work-study programs? first-come, first-served those in the most financial need by qualifying with sp
den301095 [7]

Answer:

qualifying with specific skills

Explanation:

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This program encourages work closely related to the students course of study and community service. It is also available for the professional students.

It is a available in Part time and full time. The job offered under Federal work study programs are both on and off campus. The off campus work is mostly related to nonprofit private organisations. If you are working on campus then you are working for your school.

To qualify for Federal Work-study award, a student should fill the application and must meet the eligibility requirements.  <em>It is offered on first come first serve basis.</em>

4 0
3 years ago
An investor enters into a short oil futures contract when the futures price is $15.5 per barrel. The contract size of 100 barrel
Nikolay [14]

Answer:

$150

Explanation:

Calculation to determine How much does the investor gain or lose if the oil price at the end of the contract equals $14.0

Using this formula

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Let plug in the formula

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Gain or Loss=$1.5*100

Gain or Loss=$150

Therefore How much does the investor gain or lose if the oil price at the end of the contract equals $14.0 will be $150

3 0
3 years ago
Assume that when the price of good X is $5.00, the quantity demanded is 20 units. When the price is decreased to $3.00, the quan
ale4655 [162]
D. inelastic is the answet
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4 years ago
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