Melissa's capital gain tax from the sale of her Bitcoin in 2021 for a long-term capital gain of $200,000, and as Head of Household is $30,000.
Data and Calculations:
Long-term capital gain = $200,000
Total taxable income = $450,000
Assumed long-term capital tax rate = 15%
Thus, the tax on Melissa's capital gain tax from the sale of her Bitcoin in 2021 for a long-term capital gain of $200,000, and as Head of Household is $30,000 ($200,000 x 15%).
Learn more about long-term capital gain here: brainly.com/question/25117603
Answer:
hi so im thinking its $250,000 dollors probaly
Explanation:
15.1% and 17.7%
17.5% and 18.8%
15.1% and 18.8%
None of the above options is correct.
b. What would be the effect of this purchase on income before income taxes using FIFO method?
Answer:
1. Net income decreases by $3,000
2. The amount of net income would be remains the same.
Explanation:
1. Under LIFO method
(i) Before 8,000 units purchased:
sales = 67,000 units
Cost of goods sold = Quantity × Price
= (66,000 × $13) + (1,000 × $10)
= $858,000 + $10,000
= $868,000
(ii) If 8,000 units purchased at $13 each then,
Cost of goods sold = Quantity × Price
= 67,000 × $13
= $871,000
As the cost of goods increases as a result there will be decrease in the net income before tax under LIFO method.
The amount of net income would be decreased by:
= $871,000 - $868,000
= $3,000
2. Under FIFO method:
(i) Before 8,000 units purchased:
sales = 67,000 units
Cost of goods sold = Quantity × Price
= (16,000 × $10) + (51,000 × $13)
= $160,000 + $663,000
= $823,000
(ii) If 8,000 units purchased at $13 each then,
Cost of goods sold = Quantity × Price
= (16,000 × $10) + (51,000 × $13)
= $160,000 + $663,000
= $823,000
As there will be no change in the cost of goods sold, so, there will be no change in the net income before tax under FIFO method.
The amount of net income would be remains the same.
b.Efficient use of housing space results.
c.Nonprice methods of rationing emerge.
d.The quantity of available rental housing units falls.
Answer: C) and D) answers.
Explanation: The rental market must have a free operation, that is, supply and demand have to set their price level, especially since, in this case, the product is not fungible, that is, it is not interchangeable. Each floor varies in location, number of square meters, construction qualities, etc. You cannot set a fixed reference price. Another of the most repeated consequences by experts is that the limitation will cause a reduction in supply, but demand will not go down, which will necessarily lead to greater tension in rental prices.
Answer:
d. The apartment is right next to the mailboxes.
Explanation:
As it is mentioned in the statement that every one knows where Ursula lives and also everyone knows her face. These things make it impossible for the first three statements to be true.
a. If her apartment is in the back corner, she will have interaction with people only while getting out and into the apartment which will not ensure that everyone will know her.
b. A door opening to a private hallway still doesn't ensure that she is this much social.
c. Upstair and far from stairwell also tells that only few people will know her, not all.
d. This one is true as she lives right next to mailboxes and every person in apartment tends to check their mailboxes and probability of knowing her face and where she lives is the highest.
Answer:
True
Explanation:
Personally identifiable information (PII) is generally considered sensitive information, but not always. It depends on the context and how the information is used. PII is considered sensitive if i can be used to identify, locate or contact and individual and put him/her in danger.
E.g. Social security number , contact information, bank account information, medical information, employment information, student ID, date of birth, parent names, etc.
Answer:
1/2 ton of wheat per ton of corn
Explanation:
Home produces 0.5 ton of corn or 1 ton of wheat with a day of labor:
Opportunity cost of producing a ton of corn = (1 ÷ 0.5)
= 2 tons of wheat
Opportunity cost of producing a ton of Wheat = (0.5 ÷ 1)
= 0.5 tons of corn
Foreign produces 1 ton of corn and 0.5 ton of wheat:
Opportunity cost of producing a ton of corn = (0.5 ÷ 1)
= 0.5 tons of wheat
Opportunity cost of producing a ton of Wheat = (1 ÷ 0.5)
= 2 tons of corn
Therefore,
Foreign has a comparative advantage in producing corn because of lower opportunity cost and Home has a comparative advantage in producing wheat.
So, home country will be importing corn from foreign. Hence, if the international price will be 0.5 tons of wheat per ton of corn then the home country will get the largest gains from the trade because it is willing to sacrifice 2 tons of wheat for a ton of corn.