A person has to pay capital gain tax when making a profit from selling a house.
Further Explanation:
Capital Gain Tax
Capital gain tax is a direct tax. It a on the capital gain earned at the time of the sales of fixed assets. Capital gain is the difference between the sales value and the purchase value of an asset. When the owner of an asset sells the asset in the market, and the sales price is higher than the purchase price, then the difference is known as a capital gain or profit. The government charges capital gain tax on the capital gain or profit. Capital gain tax varies from 0% to 20%. Capital gain tax differs from asset to asset.
Tax on the profit of sales of a house:
The tax on the profit of sales of a house is an example of capital gain tax.
House is a fixed asset. When the owner of the house sells, it then the profit on the sales of the house is capital gain. The government would charge capital gain tax on the capital gain (profit) earned on the sales of the land.
Thus, the taxpayer has to pay capital gain tax on the profit earned from the sales of the house.
Learn more:
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Answer details
Grade : High School
Subject : Taxation
Chapter : Capital Gain Tax
Keywords: Tax, pay, making, profit, selling, house, example, capital gain, tax, taxable, income, gain on sale.
Which of these scenarios best describes fractional reserve banking?
-Maria makes a deposit of $20,000, and the bank loans $18,000 to Mark so he can buy a car
-Jamir makes a $1,000 deposit and then withdraws it one week later.
-Isabella splits her $5,000 deposit between two different banks.
-A bank manager trades old, worn $20 bills for new currency issued by the Federal Reserve.
The scenario that best described fractional reserve banking is Maria makes a deposit of $20,000, and the bank loans $18,000 to Mark so he can buy a car.
What is fractional reserve banking?Fractional banking is a form of banking where a portionof customer's deposits is kept with the Central Bank as reserves. The excess of deposits over reserves can be given out as loans.
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Dennis, the owner of a popular restaurant, is a religious man, and he needs to make a decision on whether he will add beer and wine to his menu, based on the recommendations of his chefs and others. when confronted with a choice when making a decision, he tends to make his decisions based on his beliefs, even if evidence shows those beliefs are wrong. if his religious beliefs favor not serving alcohol in his café, according to the prior-hypothesis bias he would choose not to add beer and wine to his menu.
The transfer of live transactions in real time to an off-site facility is called
The closer you get to the vehicle you want to pass, the less you can see ahead; this is especially true when passing trucks, trailers, and other large vehicles.
b. before you pull out to pass, check your blind spots and make sure that you have plenty of time and room to pass.
c. do not return to the right side of the road until you can see the tires of the vehicle you passed in your rearview mirror.
d. all of the above
Mark and julie are going to sell brownies and cookies for their third annual fundraiser bake sale. in one day, mark can make 40 brownies or 20 cookies, and julie can make 15 brownies or 15 cookies. based on this information, ________ has the comparative advantage in making brownies and ________ has the comparative advantage in making cookies. mark; mark julie; julie mark; julie julie; mark
Which describes a situation in which a shortage occurs?
Question 3 options:
Consumers want more video-game systems than the company can make.
There is inefficiency in the productive process used to make cell phones.
A computer company tries to charge too high a price for a new laptop computer.
A clothing store puts sweaters on sale to get rid of them before the end of winter.
The correct answer is A. Consumers want more video-game systems than the company can make.
Explanation:
In the economy and related fields, a shortage occurs if the supply (units of a product available) is lower than the demand (consumers that want the product); this implies, the quantity of a product is not enough, and therefore just some consumers will be able to buy the product even if all want this product and can pay for it.
This situation occurs in "Consumers want more video-game systems than the company can make" because in this case, the number of consumers (demand) is higher than the number of video-game systems (supply) and therefore not all the possible consumers can have this product.
Alejandra has come across a section in her physics textbook detailing the affect of wing span on an airplane’s cruising speed. How should she adjust her reading speed?
__________ retailing refers to the creation of a seamless cross-channel buying experience.
Three common methods employed in the clean-up of oil spills are
Steven buys a pair of scissors instead of getting a haircut. He believes the scissors will last for a long time, while the haircut will only last a few weeks. In this case, scissors is a good, while the haircut is a service. Why is a haircut considered a service here?
Final answer:
A haircut is considered a service because it is an intangible act that is consumed at the point of sale and does not result in the ownership of a physical object. Services differ from goods, which are tangible items that can be used over time.
Explanation:
A haircut is considered a service because it is an intangible action performed by a hairstylist, barber, or cosmetologist that cannot be physically touched or stored. Unlike goods, services are consumed at the point of sale and do not result in the ownership of any physical object. Moreover, a haircut is a personalized transaction that often involves building a relationship between the stylist and the customer.
Consumers, Goods & Services
Economic products fall into two main categories: goods and services. Goods are tangible items, such as scissors, that a consumer can purchase and use repeatedly over time. These are categorized as either durable goods, like cars or kitchen appliances, which are intended to last for several years, or nondurable goods, like food or clothing, which have a shorter lifespan. Services, on the other hand, are intangible benefits bought from others, including haircuts, which are not lasting but provide immediate value at the time of the transaction.
Market segments that can be effectively reached and served are said to be
Although part of your question is missing, you might be referring to this full question:
Market segments that can be effectively reached and served are said to be ________.
A) measurable
B) accessible
C) substantial
D) actionable
E) profitable
Although there are numerous ways for a company to segment its market, and the best method varies based on the products. An effective market segment is the one which is easily accessible. Therefore, accessible is the correct answer and this can be explained below:
Strong market segmentation begins with identifying the item's overall market: all the people who might need it and have the financial means to buy it. The overall market for accounting software, for example, is not the same as the total market for Lego construction sets or artificial sweeteners.Hence it is clear that accessible market segments are those that can be efficiently accessed and supplied. Accessibility refers to the ability to reach and use something. Having an accessible market allows you to estimate the income potential of the product or service you're trying to sell to a specific demographic.
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He utilitarian approach proposes that actions and plans should be judged by their consequences. research reveals that stakeholders who have the ability to affect the company have ________; whereas stakeholders that have ________ have a legal or moral claim on company resources.he utilitarian approach proposes that actions and plans should be judged by their consequences. research reveals that stakeholders who have the ability to affect the company have ________; whereas stakeholders that have ________ have a legal or moral claim on company resources.
The following statement is from the contract Peter signed with his Homeowner's Association (HOA). "Overnight parking on community streets is prohibited. For the purpose of this contract, 'overnight' will be defined as the hours between 11:00 p.m. and 4:00 a.m. The HOA will monitor overnight parking not less than once every calendar week with nightly patrols by community security. "In the event a car is found parked on community streets overnight and that ownership of the offending car can accurately be verified as a community homeowner, the homeowner will receive one (1) written warning asking him or her to correct the situation. A second and third infraction by the same homeowner, whether or not it is with the same car, will result in a monetary fine as permitted by CC&R guidelines and HOA bylaws. Further infractions (past 3) will result in monetary fines in addition to the towing of the car at the homeowner's expense." Because of the extremely low ground effects and body profile on his racing car, Peter is unable to drive his car off of the street and onto the driveway. He has parked on the street overnight for the past five weeks. He has received one written warning and one monetary fine from the HOA. What consequences should Peter expect after this week's security check?
Answer:
C. He will receive a monetary fine and his car will be towed.
Explanation:
Effective supervisors understand ________ and adjust their actions accordingly.
Effective supervisors understand various aspects of the workplace including situational conditions, communication strategies, organizational culture, and leadership styles, which they adapt to optimize team performance and alignment with organizational goals.
Effective supervisors understand situational conditions, communication, organizational culture, leadership styles, and the importance of self-evaluation and employee incentives, and adjust their actions accordingly.
They must be adept at providing constructive feedback and creating a positive communication climate, which sustains morale and facilitates the flow of information, both to and from supervisors. In addition, supervisors ought to align with the organizational vision and values, support their team by promoting continual learning and growth, and utilize their moral compass to adapt their leadership style to the demands of different situations.
Supervisors also play a crucial role in monitoring employee performance to align the incentives of employees with those of the organization, which helps to mitigate principal-agent problems. By recognizing the individual needs within their team and managing appropriately, supervisors can achieve a department that operates cohesively and effectively, reflecting the true sense of authentic leadership.
A transaction in which a company sells its receivables and immediately receives cash for operating and other needs is called _____
________ data, or the facts and figures that have already been collected about the coffee collective prior to the research at hand, would include information relating to budgets, previous marketing activities, sales, and customer communications.]
The g.i. bill was created because government officials worried that huge numbers of veterans without _____________ would be a strain on the economy.
I believe the answer is: jobs or homes
The G.I Bill was really important because Huge amount of veterans without jobs or homes could create two negative impacts for the society:
- In create massive unemployment which require huge amount of government welfares to sustain
- It made the job as millitary personnel become undesirable due to the indication that the government wouldn't take care of them
Greg's ice cream produces 1120 gallons of ice cream per day. each employed works seven hours and has productivity of 20 gallons an hour. how many employees does greg's employ?
8 employees work at greg's ice cream. As Greg's ice cream produces 1120 gallons of ice cream per day.
What is productivity?Productivity is a gauge of economic success because it contrasts the quantity of products and services produced with the quantity of inputs needed to produce those goods and services.
Productivity is typically measured in terms of output per worker per hour or production per worker. A manufacturing company may utilize each employee's capacity for producing a specified number or value of finished goods in a certain period of time as a productivity indicator.
Employee productivity, sometimes referred to as workforce productivity, is a measurement of a worker's or a group of workers' effectiveness. Productivity can be determined by looking at the output of a worker over a specific time period.
Thus, it is 8 employees.
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Calculate the economic profit of the tree-trimming firm whose explicit and implicit expenses are shown. ms. tree has a total revenue of $98,000. ms. tree's economic profit and the entry or exit decision explicit costs per year payment on the loan on boom lift truck $12,000 gasoline $4,000 miscellaneous equipment $16,000 implicit costs earnings forgone by not working for mr. plow $45,000 the forgone income that the $50,000 invested in the boom lift truck could have earned if invested elsewhere
The economic profit for Ms. Tree's tree trimming business is calculated by subtracting both explicit and implicit costs from total revenues, resulting in a loss of $29,000. This could indicate that an exit decision may be the best course.
Explanation:To calculate the economic profit of a firm, both explicit and implicit costs must be subtracted from total revenues. For this tree trimming company, explicit costs total $32,000 (the sum of the costs for a boom lift truck, gasoline, and miscellaneous equipment). The implicit costs amount to $95,000 (the sum of earnings forgone by Ms. Tree and the potential income the investment in the boom lift truck could have earned elsewhere).
Therefore, using the formula for economic profit, which is total revenues minus explicit costs minus implicit costs, we get: $98,000 - $32,000 - $95,000. As a result, the economic profit of Ms. Tree's firm equals - $29,000. Considering this negative profit, an exit decision may be appropriate as the firm is not covering all the explicit and implicit costs from its revenues.
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Final answer:
The economic profit of the tree-trimming firm is -$59,000 per year.
Explanation:
To calculate the economic profit of the tree-trimming firm, we need to subtract both the explicit and implicit costs from the total revenues.
The explicit costs are the expenses shown, such as payment on the loan on the boom lift truck, gasoline, and miscellaneous equipment, which total to $32,000.
The implicit costs are the earnings forgone by not working for Mr. Plow and the forgone income that the $50,000 invested in the boom lift truck could have earned if invested elsewhere, which total to $125,000.
Therefore, the economic profit can be calculated as:
Total revenues - explicit costs - implicit costs
= $98,000 - $32,000 - $125,000
= -$59,000 per year.
Employees' self-efficacy level can be increased by:
a. showing them the training success of their peers who are now in similar jobs.
b. letting them know that the purpose of training is to identify areas in which employees are incompetent.
c. convincing them that they lack the ability and the responsibility to overcome learning difficulties they experience.
d. providing limited information about the training program and the purpose of training prior to the actual training. 5 points
A _____ deficit results when a country buys more products from other countries than it exports to them
The Ribbon in the PowerPoint Online application allows users to quickly find commands to complete at task. True False
Answer:
~Quick access toolbar
~Ribbon
~Quick access toolbar
~Ribbon
Explanation:
i got the answer righ!!!
Of the following occupations, which is predicted to have the greatest job growth?
A. Web designer
B. Network architect/engineer
C. Computer programmer
D. Database administrator
The answer is: A. Web designer
If we observe the trend in sales, the number of sales made through online purchase is keep increasing between 2002-2018 and the number shows no sign of slowing down.
Because of this, web designer is predicted to have greatest job growth since it's very needed to customize website so it can look more engaging for online buyers.
William is interested in exercising more, but does not feel he has the time. Write a short response explaining how he can find the time to exercise.
Answer:
Finding time to exercise can be difficult, but it is important to consider time spent exercising as important time, as important as social commitments, work, and school. Therefore, effective strategies to increase time for exercise include scheduling blocks of exercise time, making people more aware of your exercise time, analyzing your schedule for the best time to exercise, pursuing activities that can be done from home, finding places to exercise that are close to home, work, or school, and finding a person with whom you can exercise.
Explanation:
This is the answer on the 2020 edge test.
Creating customer profiles and understanding behavioral characteristics are major focuses of any marketing research project.
a. True
b. False
Answer:
Explanation:
You sell things on occasion on eBay, and because of this, your eBay profile lists that you are a seller of goods and has customer satisfaction reviews that appear on your profile page. However, most of the time, you do not have any goods listed for sale. According to the UCC, you are a merchant.
True
False
What is the process of double taxation for the stockholders in a c corporation?
a. the corporation must pay taxes on any profits it makes, and the capital raised by the sale of shares is also subject to taxation.
b. the corporation is taxed on the profits it makes, and the owners are taxed when this profit is distributed to them.
c. the owners of a corporation are taxed when they receive dividend payments and when they make a profit from the sale of shares.
d. their shares are taxed when they are both bough?
If a store manager only hires shift supervisors who have a four-year college degree, even though experienced cashiers without a four-year degree can be excellent supervisors, may be occurring.
6. If a person starts investing $100 per month starting at age 21, and that money earns a 5% return every year, how much will this person have when turning 70 years old? For ease of calculation, assume starting balance of $0 and annual contributions of $1,200 (12*$100).
_____ are labor markets in which workers are hired into entry level jobs and higher level jobs are filled from within. select one:
a. external labor markets
b. outsourcing markets
c. internal labor markets
d. global sourcing markets
Choosing a car that costs __________ instead of a car that costs __________ means that you'll have more money available for other purchases.
A. $9000; $7000
B. $10,000; $14,000
C. $18,000; $12,000
D. $12,000; $11,000
The correct option is "B. $10,000; $14,000".
Choosing a car that costs "$10,000" instead of a car that costs "$14,000" means that you'll have more money available for other purchases.
The answer is option B, because if you choose option A, C, or D, you will have no money available for other purchases. And you have to arrange more money for car. But if you choose option B, there are $4000 left for other purchases.