Taysharpe11 Taysharpe11
  • 16-11-2021
  • Mathematics
contestada

Stuart is in the 25% tax bracket. Recently, he sold stock that he had held longer than a year for a gain of $20,000. How much tax will Stuart pay on this gain?

Respuesta :

sqdancefan
sqdancefan sqdancefan
  • 16-11-2021

9514 1404 393

Answer:

  $5000

Step-by-step explanation:

25% × $20,000 = $5,000

Stuart will pay $5000 tax on his capital gain.

_____

To find the tax, multiply the tax rate by the taxable amount.

Answer Link

Otras preguntas

if  sin (α+β) = 1,  sin (α-β) = 1/2 then tan (α+2β) tan(2α+β) = a. 1          b.-1            c.0              d. none
solve for y: 3/4(5x-y)<3
When an alkaline earth metal, M, reacts with oxygen the formula of the compound produced will be a. M₂O b. MO c. M₂O₃ d. MO₂ e. M₃O₄
Solve for x : 2x^2+4x-16=0
Write a quadratic function in standard form with zeros 9 and -4
What is Mongolia's nickname? Why?
An element X belongs to 4th period and 17th group. Write the formula of the compound formed when it reacts with Y( atomic no.-13, mass no.27.)
solve for y: 3/4(5x-y)<3
Solve the equation using the quadratic formula : x^2-10x+25=18
if  sin (α+β) = 1,  sin (α-β) = 1/2 then tan (α+2β) tan(2α+β) = a. 1          b.-1            c.0              d. none