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bekas [8.4K]
3 years ago
5

Tom, an art history professor owned and lived in a home in Dubuque, Iowa, for the past four years. He spends a year in Italy aft

er which he decides to sell his home in Dubuque and live in Rome. If Tom is single, he can claim _______.
Business
1 answer:
photoshop1234 [79]3 years ago
4 0

Answer:

If Tom is single, he can claim THE $250,000 CAPITAL GAINS EXEMPTION.

Explanation:

Capital gain taxes are taxes on any profit you make from the sale of something, such as a house. These taxes apply unless you upgraded to a home with a more expensive purchase price.

With the passage of the taxpayer relief act, individuals can exclude up to $250,000 of capital gains from taxation and married couples can exclude up to $500,000.

To qualify for the home sale capital gains tax exemption, one must pass the use test (looking at whether one used/lived in one's home). One must have owned and lived in the residence for at least two out of the last five years before the sale.

Therefore, since Tom is single and has lived in his home for the past four years and wants to sell, he qualifies for the exemption and can claim THE $250,000 CAPITAL GAINS EXEMPTION.

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Barnegat Light sold 100,000 shares in an initial public offering. The underwriter's explicit fees were $50,000. The offering pri
Rom4ik [11]

The best estimate of the total cost to Barnegat Light of the equity issue will be $1,050,000.

In addition to the explicit fees of $50,000, we should also take into account the implicit cost incurred to Barnegat Light from the underpricing in the IPO. The underpricing is $10 per share, implying total costs of $1,000,000.

Calculation for What is the best estimate of the total cost to Barnegat Light of the equity issue-:

Total cost = $50,000 + ($30 - $20)1,000,000 shares

Total cost = $50,000+($10)1,000,000 shares

Total cost = $50,000+$1,000,000

Total cost =$1,050,000

Therefore the best estimate of the total cost to Barnegat Light of the equity issue will be $1,050,000.

Learn more about Initial Public Offering (IPO)on:

brainly.com/question/15738101

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5 0
2 years ago
Which of the following best describes a subsidy​? A. Banks make​ low-interest loans to farmers. B. The government puts a tax of​
diamong [38]

Answer:

C. The government pays farmers​ $100 per ton of wheat produced.

Explanation:

Subsidy is grant/ financial aid given by government to producers of a commodity, to enable its availability in markets at a lower price.

Government paying farmers $100 tone per wheat produced is a subsidy as : It is a financial assistance given by government to reduce wheat's price in markets.

Bank's low interest rate to farmers is just credit ease policy ; Govt putting a tax on wheat imports is opposite of subsidy ; Farmer paying govt $100 per unit wheat is also a form of tax (opposite to subsidy).

3 0
3 years ago
Suppose that Dmitri, an economist from a research institute in Texas, and Frances, an economist from a public television program
posledela

Answer:

  • Difference in scientific judgements
  • A. Employers should not be restricted from outsourcing work to foreign nations.

Explanation:

The difference in opinion between these two is based on a difference between in scientific judgments because they believe that different things will happen in response to implementing a different form of taxes.

Regardless of what they think in the above regard, these economists are most likely to support the outsourcing of work if it is cheaper to do so because economists generally believe that the most efficient method of production should be undertaken.

4 0
3 years ago
Which (if any) of the following scenarios is the result of a natural monopoly? Instructions: You may select more than one answer
zheka24 [161]

Answer:

There is one train operator with service from Baltimore to Philadelphia

Explanation:

A natural monopoly occurs when there is high fixed or start-up costs of conducting a business in a specific industry meaning a sole producer provides the good efficiently.

3 0
3 years ago
Beyond Space Aeronautics is developing a profit-sharing plan. Ben, the human resource manager, assumes the employees are excited
Nonamiya [84]

Answer:

The answer is D. Understanding that pay is not everything that employees are after and that there are several other means to keep them motivated.

Explanation:

Now lets take a closer look at it.

Option A is not going to work. Shutting down the basic communication system will render the organization members unable to cooperate with each other during their work and will make the matters even worse!

Option B is ridiculous. You remove employees just because you are suspicious of them to spread rumors? This will start other employees to doubt their own job security!

Option C is not going to work. You can tell them that rumors are against the company policy, but will they stop it just because of it?

Option E is somewhat acceptable. yet comparing with the option D, its not that much suitable. If the employees are already in doubt, it is unlikely that this option will work.

So, if option D is working, what are the non financial incentive that we can use to motivate our employees?

  1. Job Enrichment: Enrich their jobs with more responsibilities and by giving them more powers.
  2. Job Rotation: Employees get bored if they do the same work for a long period of time, changing the nature of the job they do is a good option in this case.
  3. Offer them leadership opportunities to develop in their career
  4. Recognize their contributions and efforts and appreciate them.
  5. Give your employees more autonomy and freedom
4 0
3 years ago
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