Business, 26.06.2019 16:20 stalley1521
In november 2018, ben and betty (married, filing jointly) have a long-term capital gain of $54,000 on the sale of stock. they have no other capital gains and losses for the year. their ordinary income for the year after the standard deduction is $72,500, making their total taxable income for the year $126,500 ($72,500 + $54,000). what will be their 2018 total tax liability assuming a tax of $8,322 on the $72,500 of ordinary income? the tax rates on long-term capital gains are as follows: income level long-term capital gains rates married filing jointly $0β$77,200 0% $77,201β$479,000 15% > $479,000 20% a.$15,717 b.$8,322 c.$19,712 d.$16,422
Answers: 3
Business, 22.06.2019 11:00
Why does an organization prepare a balance sheet? a. to reveal what the organization owns and owes at a point in time b. to reveal how well the company utilizes its cash c. to calculate retained earnings for a given accounting period d. to calculate gross profit for a given accounting period
Answers: 1
Business, 22.06.2019 11:20
Lusk corporation produces and sells 14,300 units of product x each month. the selling price of product x is $25 per unit, and variable expenses are $19 per unit. a study has been made concerning whether product x should be discontinued. the study shows that $72,000 of the $102,000 in monthly fixed expenses charged to product x would not be avoidable even if the product was discontinued. if product x is discontinued, the annual financial advantage (disadvantage) for the company of eliminating this product should be:
Answers: 1
Business, 22.06.2019 19:00
What is an equation of the line in slope intercept formm = 4 and the y-intercept is (0,5)y = 4x-5y = -5x +4y = 4x + 5y = 5x +4
Answers: 1
In november 2018, ben and betty (married, filing jointly) have a long-term capital gain of $54,000 o...
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