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Fireburntbudder
16.02.2021 •
Business
Perry, a single taxpayer, has taxable income of $198,000 and is in the 32% tax bracket. During 2020, he had the following capital gains and losses. Gain from a long time capital asset (held for 10 years) $25,000 Loss from the sale of A stock (held for 4 years) $10,000 Gain from the sale of B stock (held for 8 month) $4,000 Perry's tax consequences from these gains are as follows: A. None of these. B. (15% x $25,000) (32% x $10,000) C. 15% x $34,000 D. (32% x $35,000) (15% x $4,000) E. (15% x $35,000) (32% x $4,000)
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Ответ:
A. None of these.
Explanation:
Perry's capital gains taxes = $25,000 - $10,000 = %15,000 x 15%
both investments were held for periods longer than 1 year
Addition to Perry's ordinary income = $4,000 x 32%
since Perry only owned the investment for 8 months it is considered short term gain
Ответ:
cash flow to stockholders = 65,000
Explanation:
2014
550,000 CS
4,700,000 Additional Paid-In
5,250,000 Total beginning Capital
2015
590,000 CS
5,100,000 Additional Paid-IN
5,690,000 Total ending Capital
Dividends - (Ending Capital - Beginning Capital) = cash low to stockholders
505,000 - (5,690,000 - 5,250,000) = 65,000