a taxpayer has the following capital gains and losses: ltcg $15,000, ltcl (8,000); stcg $11,000, and stcl ($16,000). what are the net capital gain or loss and the character?

Answers

Answer 1

Based on the information provided about capital gains and losses of long term and short term nature, the net capital gain will equal to $2000 and of short term character.

The taxpayer has a total long-term capital gain of $15,000 and a total short-term capital gain of $11,000. They also have a long-term capital loss of $8,000 and a short-term capital loss of $16,000.

To calculate the net capital gain or loss, we first add up the long-term gains and losses: $15,000 - $8,000 = $7,000. We then add up the short-term gains and losses: $11,000 - $16,000 = ($5,000).

Next, we combine the long-term and short-term results: $7,000 + ($5,000) = $2,000. This means the taxpayer has a net capital gain of $2,000.

In terms of character, the $7,000 gain is considered a long-term capital gain, while the ($5,000) loss is considered a short-term capital loss.

The net capital gain of $2,000 will also be considered a short-term capital gain since it is the result of combining both long-term and short-term gains and losses.

To know more about capital gains, visit https://brainly.com/question/31478332

#SPJ11


Related Questions

Facts about the chip category obtained from AC Nielsen are?


syndicated data.



survey data.



questionnaire data.



primary data.



experimental data.

Answers

Answer:

Explanation:

Then what is the question

All of these statements apply to effective decision makers except:

A. They take risks based on intuition and gut feelings
B. They are flexible and resourceful
C. They rely on personal ‘scripts’ that help them manage how to act and react
D. They recognize that the same solution may not apply to similar situations

Answers

Except for A because that’s just what makes sense

what percentage of CTE learners enroll in post secondary education?​

Answers

Answer:

10th-grade public school students in 2002 who were CTE concentrators in high school, 72 percent enrolled in postsecondary education by 2006, or two years after their expected year of high school graduation, and 84 percent enrolled by 2012, or eight years after their expected year of high school graduation.

Answer:

75% – Percentage of high school students concentrating in a CTE discipline who pursue post-secondary education 43% – Percentage of young workers holding a CTE-related license or certificate who earn more than those holding an associate degree

Explanation:

An oligopoly is a market structure in which a large number of firms dominate the market. T or F

Answers

Answer: F

Explanation:

An oligopoly is a market structure in which a large number of firms dominate the market.

An oligopoly is a market structure in which a large number of firms dominate the market. FALSE.

Determining Liquid Assets and Current Liabilities. Based on these items, what is the total of the (a) liquid assets and (b) current liabilities?

Checking account balance $860

Retirement account balance $57,000

Credit card balance $117

Coin collection $450

Savings account balance $2,675

Current student loan payment due $220

Investment account balance $8,000

Mortgage $178,000

Answers

1. A
2. A
3. B
4. A
5. A
6. B
7. A
8. B
24,944 answers
(a) Liquid assets = Checking account balance + Savings account balance = $860 + $2,675 = $3,535

(b) Current liabilities = Credit card balance + Current student loan payment due = $117 + $220 = $337

Drag the tiles to the correct boxes to complete the pairs.
Match the different types of incomes to their sources.

Answers

Answer:

interest = the amount earned on bonds or savings accounts

capital gains = the profit earned from selling a financial asset

dividend = the amount of money paid to share holders of a company

Explanation:

A capital gain is a financial term that is most often captured on tax returns when money is made above the face value or declared value of an asset or property that is sold.

When an individual 'purchases' a bond or places money into a savings account, that money is held in an "interest" baring account or grows over time. Savings account: A percentage is paid for holding those funds in a savings account based on the amount held. The financial institution where the funds are held, pays the owner a fee for use of said money that it is held. Those funds are called "interest" and are collected by the owner of those funds. A bond is typically purchased at a reduced face value amount. If the bond is held for a stated amount of time, the bond value reaches maturity after that time. Those gains are called interest and are typically captured on a 1099i form for tax purposes.

A dividend is a profit paid to a stockholder or investor of a company/business entity. Typically those funds are paid when a threshold of profits are reached by that company/business entity. Typically a dividend is captured on a 1099d form for tax purposes.

Answer:

interest = the amount earned on bonds or savings accounts

capital gains = the profit earned from selling a financial asset

dividend = the amount of money paid to share holders of a company

Explanation:A capital gain is a financial term that is most often captured on tax returns when money is made above the face value or declared value of an asset or property that is sold.

When an individual 'purchases' a bond or places money into a savings account, that money is held in an "interest" baring account or grows over time. Savings account: A percentage is paid for holding those funds in a savings account based on the amount held. The financial institution where the funds are held, pays the owner a fee for use of said money that it is held. Those funds are called "interest" and are collected by the owner of those funds. A bond is typically purchased at a reduced face value amount. If the bond is held for a stated amount of time, the bond value reaches maturity after that time. Those gains are called interest and are typically captured on a 1099i form for tax purposes.

A dividend is a profit paid to a stockholder or investor of a company/business entity. Typically those funds are paid when a threshold of profits are reached by that company/business entity. Typically a dividend is captured on a 1099d form for tax purposes.

difference between moa and aoa?​

Answers

Answer:

AOA is a set of rule and regulations to govern the company's working. 2. MOA defines objectives, powers and constraints of the organization as a whole. AOA describe powers, duties, rights and liabilities of individuals associated with the organization (like members of the Board of Directors).

Explanation:

i hope i helped <3

HELP PLEASE!!!
what is the outcome when a person defaults on a home loan?
A. the person goes to jail.
B. the bank will make the person work a second job.
C.the bank will take the person's car.
D.the bank will foreclose on the home.

Answers

Answer:

D.the bank will foreclose on the home.

Explanation:

The bank may even sue and garnish wages and financial accounts. The bank may even serve a conversion of accetts.

​Lilliput's aggregate income in 2015 was ​$48,002,000,500. Suppose the population of Lilliput was 20,100,500 in 2015​, of which 16,086,000 people were employed. ​Therefore, Lilliput's income per capita in 2015 was ​$nothing. ​(Round your answer to two decimal places.​) Suppose the aggregate income of Lilliput was ​$6.5 billion in​ Q1:2016, ​$5.2 billion in​ Q2:2016, ​$5.4 billion in​ Q3:2016, and ​$5.9 billion in​ Q4:2016. Lilliput ▼ suffered didn't suffer from a recession in 2016. ​Lilliput's yearly unemployment rate for 2016 is likely to be ▼ greater thangreater than not significantly different fromnot significantly different from lesser thanlesser than the previous​ year's value.

Answers

Answer: See explanation

Explanation:

1. Lilliput's income per capita in 2015 will be calculated as:

= Income / Population

= $48,002,000,500 / 20,100,500

= $2388

2. Suppose the aggregate income of Lilliput was ​$6.5 billion in​ Q1:2016, ​$5.2 billion in​ Q2:2016, ​$5.4 billion in​ Q3:2016, and ​$5.9 billion in​ Q4:2016. We can say that Lilliput (suffered) from a recession in 2016. This is because there was a fall in the aggregate income from the first quarter which was $6.5 billion to $5.4 billion in the second quarter

3. Lilliput's yearly unemployment rate for 2016 is likely to be (greater than) the previous​ year's value.

Matt works part-time and is paid $6.75 per hour. Determine Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours. Round your answer to the hundredths place.

Answers

Answer:

Matt's gross pay (hours worked x hourly rate of pay) for last week when he worked 20.25 hours is equal to $136.69

Explanation:

Per hour amount paid to Matt = $6.75

Total number of hours worked by Matt = 20.25

To find Gross pay, multiply hours worked and hourly rate of pay.

Therefore,

Matt's gross pay (hours worked × hourly rate of pay) for last week when he worked 20.25 hours [tex]=20.25(6.75)=\$136.6875[/tex] ≈ $136.69



When your tire blows out in the middle of a drive, you should

Answers

You should tap the breaks repeatedly and pull over

get out of the car and change it

what is the differences and similarities between rental goods services and non goods services

Answers

Answer and Explanation:

Rented-Goods Services are represented by retailom where consumers can own a good, or use a service for a specified time. As an example of this, we can mention hotel rooms, ski clothes, cars, houses, among others.

Nongoods Services are also represented by retail, but it presents personal services, where consumers can try them, judge them and then decide if they want to own them.

brief explain difference between moa and aoa ?​

Answers

Answer:

The MOA (Memorandum of Association) describes the powers and objects of the company, the AOA (Article of Association) defines its rules and the AOA (Articles of Association) is subordinate to the memorandum.

equity shareholders are called what ​

Answers

Answer:

owners

Explanation:

Shareholders' equity represents the amount invested by the owners of a company in the business by either retaining earnings over time or by investing money in it. The shareholders' equity is a form of a company's net assets. Equity shareholders are also known as Equity Stockholders.

The equity shareholders of a company are called its owners.

A self-employed psychologist treats clients in an office in his own house. What must the psychologist do with his house in order to best serve clients?

build extra rooms for client treatment
keep the house clean and private
buy snack foods for the kitchen
have a large television

Answers

Answer:

keep the house clean and private.

Explanation:

I know someone who does exactly this. Also, by keeping certain parts of the house either exclusively or predominantly for business, he can write that square footage off in taxes.

Answer:

Its B

Explanation:

Sandia Inc. Wants to acquire a $360,000 computer-controlled printing press. If owned, the press would be depreciated on a straight-line basis over 10 years to a book salvage value of $0. The actual cash salvage value is expected to be $25,000 at the end of 10 years. If purchased, Sandia will incur annual maintenance expenses of $3,000. These expenses would not be incurred if the press is leased. If the press is purchased, Sandia could borrow the needed funds at an annual pre-tax interest rate of 10%. The lease rate would be $48,000 per year, payable at the beginning of each year. If Sandia has an after-tax cost of capital of 12% and a marginal tax rate of 40%, what is the net advantage to leasing? a.$65,543 b.$57,173 c.$37,737 d.$60,713

Answers

Answer:

c.$37,737

Explanation:

Present value of Cost of Buying = The Cost of Press + [(Post Tax annual maintenance expenses - Annual Depreciation Tax shield)*PVIFA (6%,10)] - [Post tax Salvage Value*PVIF (12%,10)]

PV of Cost of Buying = 360000 + (3000*(1-40%)-360000/10*40%)*7.360 - 25000*(1-40%) * 0.322

PV of Cost of Buying = $262,434

Present value of Cost of Leasing = Post tax Lease Payment at the Beginning *(1+PVIFA(6%,9))

PV of Cost of Leasing = $48000*(1-40%)*(1+6.802)

PV of Cost of Leasing = $224,697

Net advantage to leasing = PV of Cost of Buying - PV of Cost of Leasing

Net advantage to leasing = $262,434 - $224,697

Net advantage to leasing = $37,737

write a real life experience that illustrates the process of recruiting, selecting, and training employees.​

Answers

I am not sure I’m sorry

Answer:

Being an astronaut

Explanation:

Why would My future job be a flight attendant

Answers

Answer:

if you like to travel and be on planes and get that bag then be a flight attendant :) do what you want to!

Explanation:

In what type of economy do individuals and firms determine what will be produced?
Mixed
Traditional
Market
Command

Answers

Answer:

market

Explanation:

I think it’s warket hope this helps

{"name":"user.normal.authorize","uri":"http:\/\/legacy-api.us.market.zdn\/api\/{version}\/api_account\/deprecated_authorize","protocol":"legacy"},{"name":"user.fb.authorize","uri":"http:\/\/legacy-api.us.market.zdn\/api\/{version}\/api_account\/deprecated_authorize_fb","protocol":"legacy"},{"name":"user.fb.register","uri":"http:\/\/legacy-api.us.market.zdn\/api\/{version}\/api_account\/deprecated_register_fb","protocol":"legacy"},{"name":"user.fb.merge","uri":"http:\/\/legacy-

Answers

Answer:

what do you need help with?? we dont see anything

Explanation:

Answer:

?

Explanation:

____ reading will increase your focus and concentration, help you understand the reading, and prepare you to study.

Answers

Answer:

Active.

Explanation:

Active reading can be defined as a process which typically involves an individual being focused on his or her study. It is aimed at acquiring knowledge and understanding of a particular subject or topic without distractions.

Hence, active reading will increase your focus and concentration, help you understand the reading, and prepare you to study.

Which of these is NOTa concern for consumers in times of inflation? a.They cannot anticipate the cost of goods and services. b.They lose money on their investments and savings. c.They are at a disadvantage when paying back borrowed money. d.They struggle when they are on a fixed income.

Answers

Answer:

c.They are at a disadvantage when paying back borrowed money.

Explanation:

In any economics of a country, inflation may be defined as the fall of the value of the money or currency of a country over a period of time. In inflation, the general price level increase and the value of money decreases.

Due to inflation, with each currency unit, less of goods or services can be bought. In inflation, the consumers are not concern about the disadvantage when they pay back the money that they borrowed because the value of the money decreases. Money decreases its value but the demand of goods and services increases in the economy.

The markets for prostitution in Nevada and New Jersey have two important differences: 1) prostitutes in New Jersey face higher costs because of government efforts to prosecute them and 2) customers in New Jersey face higher risks of contracting diseases from prostitutes because the illegal nature of the business makes reliable information about product quality much more costly to obtain. Given these facts, which state would you expect the price of prostitution services to be higher? Why? Which state would have the higher amount of services consumed (adjusted for population differences)? Why? What are the underlying economic issues of this market?

Answers

Answer:

Given these facts, which state would you expect the price of prostitution services to be higher? Why?

Since the risks associated to prostitution are higher in New Jersey, we could assume that the price for these services will be higher there. The supply curve of prostitution shift to the left, increasing the price and decreasing the quantity.

Which state would have the higher amount of services consumed (adjusted for population differences)? Why? What are the underlying economic issues of this market?

Since the price is higher in New Jersey, the quantity demanded will be lower. Also, the risks associated to consuming the service will shift the demand curve to the left, reducing the quantity.

What careers are in the Information Support and Services career pathway of the IT career cluster? (15 points for you)

Question 1 options:

graphic artists, painters, artists


broadcasters, journalists, writers


help desk specialists, PC support specialists

Answers

I think it’s “help desk specialists, PC support specialists”

The risk-reward relationship says:

Answers

im not understanding this question.. can you reword it?

HELP ME PLEASEE!! ILL GIVE CROWN!!!
which of the following should credit be used for?
A. small things you want
B. large things you need and that you can repay over time.
C. money that you can never afford to repay.
D. purchasing things you want so you dont have to save.

Answers

Answer:

B

Explanation:

Credit should be used for large things that you can't afford at the moment but over time will be able to repay (like bills). You should never purchase things that are too expensive for you to repay (within a year.)

List the type of banking service each consumer would be most likely to use. Explain your answer.

a. A person planning to open a fitness center
b. A musical group
c. wealthy senior citizen
d. A buyer of a van
e. A high school recycling club

Answers

Think the answer is c but I’m not sure if it’s correct
Wealthy senior citizen

Por que se dice que emprender suele ser una decisión muy difícil quien la toma sabe que esta renunciando a la estabilidad que otorga un salario

Answers

Answer:

porque se dice que quiero tomar el siguiente

If LLC members have engaged in fraud or other bad conduct, a court may rely on ______ as the rationale to require members to compensate damaged parties.

Answers

the answer would be LLC membership engaging in bad fraud charges

What would Jamie Lee's financial liability have been had she waited more than two days to report the debit/ATM card lost or stolen

Answers

Explanation:

If Jamie notifies the bank within 2 days of the lost card , her liability for unauthorized would be $50.

Jamie Lee's as the account holder is financially responsible for any form of transfers or withdrawals that has or will be made from their accounts and until He report the theft, he will be liable to all withdrawals.

What is a Checking Account:

A checking account is known to be a kind of bank account that is often used by people as a deposit account.

The usual amount deposited by them in this account is known to be used for paying bills and other form of purchases.

Base on the fact above, Jamie Lee's would be liable for his financial liability because she had waited for more than two days to report her debit/ATM card lost or stolen and as such any theft that happen within those two days on her account is her fault.

Learn more about  checking account from

https://brainly.com/question/24751568

Other Questions
Rocket Fuel: Measuring the Effectiveness of Online AdvertisingCase AnalysisWas the advertising campaign effective? Did additional consumers convert as a result of the ad campaign? (10 points)Was the campaign profitable? (20 points) Please show all of your work/logic in computing the calculations. If you do not show your work, points will be taken off.How much more money did TaskaBella make by running the campaign (excluding advertising costs)?What was the cost of the campaign?Calculate the ROI of the campaign. Was the campaign profitable?What was the opportunity cost of including a control group; how much more could TaskaBella have made with a smaller control group or not having a control group at all?How did the number of advertising impressions seen by each user influence the effectiveness of advertising? (20 points) Please show all of your work/logic in computing the calculations. If you do not show your work, points will be taken off.Create a chart of conversion rates as a function of the number of ads displayed to users. Plot conversion rates for those who were in the control group and for those who were exposed to the ad. Group together number of impressions as necessary to obtain a meaningful plot. (Conversion rate means the percentage of unique users who made a purchase.)What can we infer from the charts? In what region is advertising most effective?What do the above figures imply for the design of the next campaign assuming that response would be similar?How does consumer response to advertising vary on different days of the week and at different times of the day? (20 points) Please show all of your work/logic in computing the calculations. If you do not show your work, points will be taken off.Create a chart with the conversion rates for the control group and the exposed group as a function of the day of the week when they were shown the most impressions.Create the same chart for hours within a day (excluding the period between midnight and 8 am).What days/hours is advertising most/least effective? considering the formula for the sum of infinite geometric sequence, which value of R gives a sum? please calculate the net present value of a project that is associated with the following cash flows: year 0 through year 3 cash flows are $-42,398, $13,407, $21,219, $17,800. A nurse is caring for a client who is on bedrest. The client's plan of care states that the client should perform isometric exercises every 2 hr. Which of the following actions should the nurse take as directed by the plan of care? Referential dictates that the foreign key must contain values that match the primary key in the related table, or must contain null.a. integrity b. uniquenessc. model d. attribute A scoop of ice cream in the shape of a whole sphere sits in a right cone. The radius of the ice cream scoop is 1. 5 cm and the radius of the cone is 1. 5 cm. What is the volume of the scoop of ice cream? Show all your work. How tall must the height of the cone be to fit all the ice cream without spilling if it melts? Show all your work. Commanders of selected military treatment facilities for TRICARE regions are called? a. healthcare finders b. lead agents c. service centers d. sponsors . suppose a belongs to a group and |a| 5 5. prove that c(a) 5 c(a3 ). find an element a from some group such that |a| 5 6 and c(a) ? c(a3 ). the process by which we learn our political orientations and allegiances is called political adherence. group of answer choices true false a nonlinear system is given by x = y2 xy. y = x3y2 x. the number of equilibrium points is the psycological connection that individuals have with their sport teams The end finished good product item in a bill of materials experiences:Independent demandDependent demand How do we know that air is not a single substance? Metals have many similar properties, but not all properties are shared by all metals. Why is it useful to group them as metals? Why is it important that the Periodic Table is structured as a table, rather than a list of elements? How is the Periodic Table important for all of science and not just chemistry? Class Discussion Topic Could the Periodic Table be arranged differently? How would you arrange the Periodic Table and Why? if you wanted to excavate fossils of the earliest human ancestors, to what country might you explore? predict the ordering (from shortest to longest) of the c - o bond length, based on lewis structures of carbon monoxide, carbon dioxide, and carbonate ionA. Carbon Monoxide < Carbon Dioxide < Carbonate IonB. Carbon Dioxide < Carbon Monoxide < Carbonate IonC. Carbonate Ion < Carbon Dioxide < Carbon MonoxideD. Carbonate Ion < Carbon Monoxide < Carbon Dioxide E. Carbon Monoxide < Carbonate Ion < Carbon Dioxide If any of the underlined segments has an error, select the answer option that IDENTIFIES the error. If no segments have an error, select "No error."Even though she was taken the medicine, her fever rose throughout the afternoon and reached 103 degrees by evening.was takenrosereachedNo error running an hplc assay using a column heated to approximately 60 c can have what benefits over running the assay room temperature? a scalloped hammerhead shark swims at a steady speed of 2.0 m/s with its 86-cm-wide head perpendicular to the earth's 55 t magnetic field. What is the magnitude of the emf induced between the two sides of the shark's head? ________ intelligence refers to an ability to think about novel problems, while ________ intelligence refers to acquired knowledge and skills. a couple decided to have 4 children. (a) what is the probability that they will have at least one girl? (b) what is the probability that all the children will be of the same gender?