Samuel Jenkins made two investments; the first was 13 months ago and the second was 2 months ago. He just sold both investments and has a capital gain of $8,000 on each. If Samuel is single and has taxable income of $41,050, what will be the amount of capital gains tax on each investment? See Capltal Gains table and Taxable income rate.
Investment 1 (held 13 months) :
Investment 2 (held 2 months) :
Answers
The capital gains tax on investment 1 would be 15% of the $8,000 gain, which amounts to $1,200.
1. investment 1: $8,000 capital gain.
2. investment 2: $8,000 capital gain.
to calculate the capital gains tax on each investment, we need to consider the holding period and applicable tax rates based on samuel's taxable income. since samuel is single and has a taxable income of $41,050, we'll refer to the capital gains tax rates for individuals.
1. investment 1 (held 13 months):
the holding period for investment 1 exceeds one year, making it eligible for long-term capital gains tax rates. let's assume the long-term capital gains tax rate for samuel's income level is 15%. 2. investment 2 (held 2 months):the holding period for investment 2 is less than one year, categorizing it as a short-term capital gain. short-term capital gains are taxed at ordinary income tax rates. since samuel's taxable income is $41,050, we'll need to determine the corresponding tax bracket and rate. without additional information about the tax brackets, it's not possible to provide an accurate calculation for the short-term capital gains tax on investment 2.
to determine the exact amount of capital gains tax for investment 2, we would need the tax brackets and rates applicable to samuel's taxable income. please provide the tax rate information or consult a tax professional to calculate the precise amount.
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Related Questions
hich pricing strategy involves setting a high price for an exclusive, high-end product?
Answers
Brainliest please answer ANY ANSWERS WITH NO ANSWER WILL BE REPORTED
Let’s catch up with our law enforcement officer Detective Claire, who is investigating a series of jewelry thefts all over New York City. Claire has a suspect in mind but must find proof before she can charge the suspect in the crimes. As part of her investigation, Claire will need to interview a variety of experts, including some from the Government and Public Administration and the Human Services career clusters. Let’s work along with Claire to gather and assess data (or clues) about the crimes and see if they connect with her suspect.
Claire was first assigned to this case after an upscale jeweler opened his shop one morning to find several display cases empty. Distraught, he phoned police. After Claire arrived, she ordered techs to look for fingerprints and video surveillance footage. She had the owner list the stolen items so that if the thief tried to sell them nearby, police would be on the lookout.
Here is the list of stolen items the owner made, along with the value of items stolen:
TABLE 1 Stolen Item List
Stolen Item Price per item Qty Total Value
5-carat diamond necklace
$32,995
1
Emerald and diamond tennis bracelet
$19,999
3
3-carat diamond engagement ring
$25,560
5
Mother of pearl necklace
$69,000
2
Men’s gold watch
$25,850
4
Unfortunately, the smart thief wore gloves, so no fingerprints were recovered from the scene. They also wore a black balaclava to cover their face, so Claire had almost no data about the thief’s appearance to work with.
Math Problem #1
Copy the table above to your math paper and calculate the total value of items lost in the first jewelry heist.
Over the following year, there were six more heists throughout the city, with total goods stolen valued at $3.75 million. Each time, the thief left no fingerprints and always wore a mask to hide their identity. The last heist did uncover one valuable clue though. As the suspect was filmed loading the jewelry into a black duffel bag, Claire caught a glimpse of a label. When she had the tech team focus in on the bag’s label, Claire found that it was the bag from an expensive French designer.
This clue led Claire to believe that the suspect must be someone who traveled internationally, particularly to France. She reached out to James, a contact in the Foreign Service sector, who was able to verify that French and British authorities had been investigating similar crimes in their countries. James was able to forward their police reports, including this list of the value of items stolen:
Answers
$32,995 + ($19,999 x 3) + ($25,560 x 5) + ($69,000 x 2) + ($25,850 x 4) = $499,743
Therefore, the total value of items lost in the first jewelry heist was $499,743
A pharmaceutical company tested a new prescription weight loss pill by randomly splitting 9000 adult volunteers into two groups. One group was given the pull, whereas the other group was given a placebo. After three months, the adults who took the pill reported an average weight loss of 19 pounds, while those who took the placebo experienced no significant change in weight, on average. the company concluded their new weight loss pull is effective.
a)Was a study a randomized comparative experiment?
b) What was the treatment? The weight loss pill? The placebo? Was there no
treatment, because it was not a
randomized comparative experiment?
c) What was the treatment and control groups?
d) Is the Company's conclusion valid?
Answers
a) Yes, the study was a randomized comparative experiment. b) The treatment was the weight loss pill, and the placebo served as a control. c) The treatment group consisted of the volunteers who took the weight loss pill, while the control group comprised those who took the placebo.
d) Based on the given information, the company's conclusion appears to be valid.
a) The study can be considered a randomized comparative experiment because the participants were randomly split into two groups: one receiving the weight loss pill and the other receiving the placebo. This random assignment helps minimize bias and allows for a more valid comparison between the two groups.
b) The treatment in this study was the weight loss pill, which was administered to one of the groups. The placebo, which is an inert substance with no therapeutic effect, served as a control. It is common in such studies to compare the effects of a treatment against a placebo to determine its effectiveness.
c) The treatment group consisted of the 9000 volunteers who took the weight loss pill, while the control group consisted of the volunteers who took the placebo. By comparing the outcomes between these two groups, the effectiveness of the weight loss pill can be assessed.
d) Based on the information provided, the company's conclusion that their weight loss pill is effective appears to be valid. The average weight loss of 19 pounds reported by the treatment group suggests a positive impact of the weight loss pill, as opposed to the control group where there was no significant change in weight on average. However, it's important to note that additional factors, such as potential side effects or long-term effects, should also be considered before drawing definitive conclusions.
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What type of accounting is more rules-based?
Answers
GAAP
Explanation:
That would be the Generally Accepted Accounting Principles (GAAP) system which is rules based.
Alternatively:
The International Financial Reporting Standards. (IFRS) on the otherhand would be the one thats principles based.
To create a balanced budget one, must make sure to...
a) spend as little as possible
b) pay credit card payments first
c) spend less than or equal to income
d) pay off debts first
Answers
Answer:
c) spend less than or equal to income
by spending less than or equal to, you are balancing a budget. You are creating a balance between income and expense, which supports a steady/consistent, and logical budget.
^entire answer has been updated.
how do you manage pasture land for Sheep, goats and chyangras ????explain!! any one know this answer then help meeee
Answers
Answer:
Your pasture should be divided into small fields or blocks the more the better depending on the #of goats
Explanation:
Set up a schedule where you rotate the goats every day. Your first field should be the last one after the goats graze all the others fields.
Answer:
we can managed the pastureland for sheep,goats and chyangras by the following points:
1) local grasses should be conserved and promoted.
2) Rotational grazing should be practiced.
3) pastureland should be routinely irrigated during the dry season .
4) If it has poor soil fertility, fertilizers should be applied time to time.
5) Based on geographical conditions, various grasses can be planted on the pastureland.
A small manufacturing firm has two products that are produced using its in house 3-D printers. The budget and time constraints for this process give the production possibilities curve that is defined by the table below. If the company is currently producing 30 units of product A and 39 units of product B, can the production of product B be increased? Explain.
A. Yes, the production of product B can be increased up to 60 by decreasing the volume for product A.
B. Yes, the production of product B can be increased to whatever value is desired.
C. Yes, the production of product B can be increased up to 51 by decreasing the volume for product A.
D. No, the point is already on the production possibilities curve.
Answers
At the firm's current production level, the firm can increase the production of product B. The production of product B can be increased up to 51 by decreasing the volume for product A.
The production possibilities curve shows the various combination of the two products a firm produces.
The production possibilities curve is concave to the origin. This shows opportunity cost involved in production. Due to the fact that the factors required in the production of a good are limited, as more quantities of one good is produced, less of the other good would be produced.
Looking at the table, when the firm produces 51 units of product B, none of product A would be produced. When the frim reduces quantity of product B produced to 46, 20 units of product A would be produced (20).
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pharoah company has assets of $4429000, common stock of $1099000, and retained earnings of $620000. what are the creditors’ claims on their assets?
Answers
To determine the creditors' claims on Pharaoh Company's assets, we need to use the accounting equation: Assets = Liabilities + Equity. We already know the total assets of Pharaoh Company, which is $4,429,000. We also know that the common stock is a part of equity, which is $1,099,000. The retained earnings is also a part of equity, which is $620,000.
Now, we need to calculate the liabilities, which are the claims of the creditors. Using the accounting equation, we can rearrange it to Liabilities = Assets - Equity. Plugging in the values we know, we get:
Liabilities = $4,429,000 - $1,099,000 - $620,000
Liabilities = $2,710,000
Therefore, the creditors' claims on Pharaoh Company's assets are $2,710,000. This means that if Pharaoh Company were to liquidate, the creditors would have the first claim on the company's assets before any payments can be made to the common stockholders or retained earnings.
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Is computer assembly a good job for a teenager? What is his income?
Answers
Answer:
yes if the teen educated in computer work.
no if not the person can be under.
annual income can be: $64,000
monthly pay can be: $5,333
for top earners.
75th Percentile :$48,500, $4,041
average pay-
Average: $44,053, $3,671
25th percentile-
25th Percentile $30,500 $, $2,541
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6. Describe at least three things a bank would consider about you when deciding whether to give you a loan. (1-3 sentences. 3.0 points)
Answers
Explanation:
Your Credit History
Your Ability To Pay The Loan
Your Cash Flow History
pioneer plastics is based in the united states and has transferred its information technology processes to suppliers in canada. what is this an example of
Answers
This is a representation of supply chain management, which entails coordinating a company's transportation, buying, processes, and market channel activities.
What does the market mean?
A industry has been defined as the entire number of sellers and buyers in a given area or region. The area could be the entire planet, or it could be countries, regions, countries, or cities. The value, cost, and cost of items traded in a market are determined by the supply and demand forces.
What are the characteristics of the market?
Market characteristics:One product: ADVERTISEMENTS.Area: In economics, the term "market" does not only refer to a specific location.Both buyers and sellers.The ideal rivalry.Buyers and sellers have a business relationship.Complete market knowledge.Only one cost.A stable monetary system.To know more about Market visit:
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current assets minus current liabilities is called
Answers
Answer:
working capital also called net working capital (NWC)
A newspaper headline writer found that the more adjectives she put in the titles of her articles, the greater the number of newspapers that were sold that day. This relationship between numbers of adjectives and newspaper sales must be:
Answers
Answer:
Positive.
Explanation:
A linear function has a positive relationship and as such an increase in one variable (input variable) causes an increase in the other variable (output variable) i.e the variables are directly proportional. Thus, the graph of a linear function is a straight-line and its slope is always constant.
On the other hand, nonlinear function has a negative relationship and as such an increase in one variable (input variable) causes a decrease in the other variable (output variable) i.e the variables are inversely proportional.
This ultimately implies that, the graph of a nonlinear function is a curved line and whose direction is constantly changing
In this scenario, the relationship between numbers of adjectives and newspaper sales must be positive because the higher the amount of adjectives put in the titles of her articles, the greater the number of newspapers that would be sold on a particular day.
A blank 6-column table with 4 rows has column labels: number or code, date, description, payment amount, deposit amount, and balance. Lupe used her debit card to buy a pair of jeans. She should write the name of the store in the column and the amount in the column.
Answers
Lupe should write the name of the store where she bought the pair of jeans in the "description" column of the 6-column table. She should also write the amount she spent on the jeans in the "payment amount" column.
The 6-column table is a useful tool for organizing financial transactions such as purchases made with a debit card. It allows individuals to keep track of their spending and ensure that they have enough funds in their account to cover their expenses.In addition to the columns for the store name and payment amount, the table also includes columns for the date of the transaction, deposit amount (if any), and balance.
These columns can be used to calculate the total amount of money spent and to monitor the account balance over time.When filling out the table, it is important to be accurate and thorough. Any mistakes or omissions can lead to confusion and potentially costly errors.
It is also a good idea to review the table regularly to ensure that all transactions are accounted for and to identify any discrepancies or fraudulent activity.Overall, the 6-column table is a valuable tool for managing personal finances and tracking spending. By carefully recording transactions and monitoring account balances, individuals can stay on top of their finances and avoid any unwanted surprises.
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aims of Accelerated Growth Initiative for South Africa
Answers
Answer:
The Accelerated and Shared Growth Initiative for South Africa (AsgiSA) was prepared during 2005 and launched in February 2006. Its objectives were to introduce policies, programmes and interventions that would allow the South African economy to grow enough to halve poverty and unemployment between 2004 and 2014.
Explanation:
2. An organization's products and services are the driving force in accomplishing
its purpose.
A. True
B. False
Answers
what is the meaning of market variable in maketing
Answers
Answer:
market is for people low budget and the markering is people qho want earn money in online
You are conducting succession planning, focusing on a period of one to three years into the future.
What information should you base on your planning?
Answers
To conduct succession planning for the next one to three years, it is crucial to gather information on current employees' skills, performance, and potential for growth within the organization.
Succession planning is the process of identifying and developing employees to take on leadership roles in the organization. To effectively plan for the next one to three years, it's important to evaluate current employees' skills, performance, and potential to determine who could fill key positions.
This involves reviewing employee performance data, assessing their potential for growth, and identifying any skills gaps that need to be addressed through training and development.
It's also essential to consider external factors such as industry trends and competition to ensure the organization is well-positioned for future success.
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(1 point
3. The ICorp company markets a successful line of computer equipment. Recently, they have
begun to make a new type of smart phone. The public isn't enthusiastic about the new product,
and during the first year, it does poorly on the market. To combat this, ICorp launches a new
marketing campaign, running television and radio ads, purchasing billboard space, and even
integrating their product into an episode of a highly viewed TV show. ICorp's reaction is an
example of an)
A)availability heuristic
B) representative heuristic
C) escalation of commitment
D) behavioral directive
Answers
Answer:
C
Explanation:
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Answer:
C Escalation of commitment
Explanation:
This is where "It's going to work, eventually" comes into play. Usually happens with those who think their way is the only way.
Outline TWO benefits of using the FIFO system for Mcdonald’s
Answers
There are several benefits for McDonald's by using FIFO methods. Here we will discuss some of them: better food hygiene, which gives more customers satisfaction; easier to reduce products near their end-date—resulting in more sales and less waste;
What is FIFO?
FIFO is a measuring tool for inventory valuation or management. In this, we have sold the goods which come first. This is called a FIFO, which is known as First In First Out.
Thus, McDonald's using the FIFO method gets such benefits as better food hygiene, which gives more customer satisfaction; easier to reduce products near their end-date – therefore more sales and less waste.
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What can a boosted post help an advertiser achieve?
Answers
A boosted post helps an adviser to connect with the audience and gain trust.
Boosted post is a kind of post that is used on social media platforms in order to enhance the page of the platform and to attract audience to the page. Boosted post can help better communication with the audience along with the increase in a greater number of messages, calls and texts. Boosted posts help for better advertisements of the product. For example, A Chocolate brand may use Boosted posts to gain audience as well as consumers. Boosted posts helps an adviser to be discovered among people, to establish a benchmark in the market and to gain more and more customers. It's a kind of marketing strategy used for publicity purpose.
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NGPF Activity Bank Paying for College
5.4 COMPARING the types of student loans
PLEASE HELP ME WITH THIS I HAVE TO TURN IN TODAY I NEED A ANSWER ASAP
Answers
There are generally two types of student loans: federal student loans and private student loans. The federal student loan is given below.
How much can a student get a student loan?Education loans are intended to pay for living expenses while the borrower is pursuing a degree, as well as tuition, books, and supplies.
As there is no cap on the largest debt that may be approved under the student loan program. The maximum amount for NRI students is Rs. 20 lakhs, and for elite institutions, Rs. 30 lakhs.
Federal student loans: These loans are provided by the government and provide a number of advantages, including reduced interest rates, repayment schedules based on income, and loan forgiveness opportunities. Federal student loans come in a variety of forms, including Direct Subsidized Loans: Undergraduate students who can prove they have a need for the money can apply for these loans. When the student is enrolled in school, the government covers the interest on these loans. Direct Unsubsidized Loans: These loans can be obtained by graduate and undergraduate students alike and don't need proof of need. While the student is enrolled in school, interest is accruing on these loans. Graduate students and parents of dependent undergraduate students may apply for Direct PLUS loans. They have higher interest rates and demand a credit check than other loan plans.Learn more about loans, here:
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Prompt: Write an e-mail to a government or school official in which you propose an effective solution to a problem in your community or school.
Use your writing prompt to answer these questions.
What will you write?
Who is your audience?
What is your purpose?
Answers
As per the given prompt, the solutions to the given questions would be as follows:
The content you would draft would be:
b) An e-mail that will take your message to the officials and convey your thoughts or viewpoints clearly and successfully.
The target audience of the e-mail would be:
A). A government or either a school official so that he/she could get to know about the idea for bringing a solution to the problem.
The purpose that you are aiming to serve through this e-mail would be:
b) to suggest/offer a solution to an existing problem.
An e-mail in the given scenario would be most effective to communicate your thoughts quickly, conveniently, and effectively. This will assist the officials with the more probable options to resolve a problem that is hindering the intended objective or goal to be served.Writing it directly to the officials of the school will prevent the additional time from being ruined.
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Answer:
b,a,b
Explanation:
cause im smart :()
as
Enrico waited ten years to file a cause of action against Frederico for a breach of contract claim. Frederico can use
his defense.
O insanity
O necessity
Statute of Limitations
O ignorance of the law
Answers
Answer:
Statue of limitations
Explanation:
Price elasticity of demand is a measure of how sensitive, or responsive,
are to change in price. *
A) Producers
B) Bankers
C) Consumers
D) Regulators
Answers
Answer:
hey.. follow me.. follow me.. follow me...
Explanation:
follow me follow me..
explanation of what’s happening
please help, due tonight
Answers
Answer:
what is this there is nothing to answer
Explanation:
Rekha, a server in the coffee shop of a large hotel, noticed a customer shivering and rubbing her arms. Rekha noticed the woman was sitting right under a vent. She immediately went to the customer and asked if she could seat her somewhere else. After seating the customer in a warmer spot, Rekha asked maintenance to address the problem. Rekha's actions are called _____ .
Answers
Answer:
displaying good customer relations.
Explanation:
Note, we are told that Rekha took the initiative to meet the customer when she noticed that the customer was not comfortable in the coffee shop of the hotel.
It is reasonable to believe that the next the customer visits the hotel she would have formed a good relationship with Rekha because of the way she was treated, or in other words because of the good customer relationship she had experienced.
3. Describe two real or made up situations in the workplace when you would need to use
speaking skills. (1-2 sentences. 2.0 points)
Answers
In order to reduce conflict, speaking skill, is the skill that helps to settle a disagreement or conflict between two parties, or amount group of people.
Why speaking skills is essential in workplace?
No company has stated in his vision or mission, to keep a zero conflict among staff, because it is believed that every workers and staff of the company is disciplined and should focus on why the company has hired him or her.
But on the other hand, conflict among workers in a company has been on increase. Because people differs so their ideology differs too. Conflict may not only be when a worker yells at a co worker, it can also be an argument between workers.
It is difficult to find a company made of more than 10 workers with out conflict among co workers, the conflict could be envy or side talks.
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Which of the following choices incur speculative risk?
a.stocks
b.fire insurance on a house
c.options
d.life insurance
e.high interest savings account
Answers
Answer: correct option is A.
Explanation: A speculative risk can be defined as risk that is taken willingly either it results in profit or loss and the stocks involve in probability of gain and loss making it a speculative risk.
Stocks incur speculative risk. Therefore option A is correct.
What are Stocks?A stock usually referred to as equity, is a type of investment that denotes ownership in a portion of the issuing company. Shares, also known as units of stock, entitle their owners to a share of the company's assets and income in proportion to the number of shares they possess.
Common stock and preferred stock are the two primary categories of stocks.
Owners of common stock are entitled to dividends and the right to vote at shareholder meetings.
Common stockholders often do not have voting rights, while preferred stockholders typically get dividend payments ahead of time and are given preference over common investors in the event of a firm bankruptcy and asset liquidation.
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Does anyone have a perfect competition business example?
Answers
Answer:
Perfect competition is a type of market structure where products are homogenous and there are many buyers and sellers. ... Whilst perfect competition does not precisely exist, examples include the likes of agriculture, foreign exchange, and online shopping.
Explanation: