User Account

All Pages

Find how much federal tax will jill pay on capital gain

Assignment Help Financial Accounting
Reference no: EM132995743

Problem 1: Jill purchased 100 shares of Acorn Inc at a price of $6.00 per share in January, 2019. She sold the 100 shares at a price of $9.00 in March, 2020. Jill reports $55,000 of income from employment. How much FEDERAL tax will Jill pay on the CAPITAL GAIN from selling the Acorn shares?

Select one:

a. $30.75
b. $22.50
c. $61.50
d. $23.10
e. $11.55

Reference no: EM132995743

Questions Cloud

What is the payback period for the new widget : What is the payback period for the new widget? If the cost of capital to the firm is 10% yearly, what is the NPV of developing and then selling the new widget?
How long is the payback period for the project : Calculate the simple payback period for this project. Your desired payback period is 5 years. How long is the payback period for this project?
Make statement of cash flows for year for colorado corp : Make a statement of cash flows for the year. If your answer is zero, enter "0". Use the minus sign to indicate cash out flows, a decrease in cash
What be overall expected rate of return and risk of capital : If your client does move away from your fund to the passive portfolio, what will be overall expected rate of return and risk of her capital?
Find how much federal tax will jill pay on capital gain : Jill purchased 100 shares of Acorn Inc at a price. How much FEDERAL tax will Jill pay on the CAPITAL GAIN from selling the Acorn shares?
Find how much federal income taxes did pay : Find how much federal income taxes did you pay? You received $12,000 in interest revenue during the year. Your federal marginal tax rate was 26% and average tax
How much federal income taxes did pay : How much federal income taxes did you pay? You received $5,000 in interest revenue during the year. Your federal marginal tax rate was 26% and average tax rate.
What is the amount for dividend tax credit : Your federal marginal tax rate is 26%. The gross up is 38% and the dividend tax credit is 0.150198. What is the amount for dividend tax credit?
Calculate the income taxes payable : Your federal marginal tax rate is 26%. The gross up is 38% and the dividend tax credit is 0.150198. Calculate the income taxes payable.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd