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klio [65]
2 years ago
13

Peter buys 1000 shares of Sunshine Corporation stock in 2008 at $2 a share. In 2010 the stock is doing great, Peter decides to s

ell and use the money towards a new car. He sells the Sunshine Corporation stock for $10 a share. Peter has a 25% ordinary tax rate, and a 15% capital gains tax rate. How much will Peter owe in taxes on this stock sale?
Mathematics
1 answer:
krok68 [10]2 years ago
4 0

Bought: 1,000 x $2 each = $2,000

Sold: 1,000 x $10 = $10,000

Profit = 10,000 - 2,000 = $8,000

Ordinary tax rate is used if they held the stocks for less than 1 year.

Since he had the stocks for 2 years only capital gain tax is used.

Capital gains tax is on the profit:

8,000 x 0.15 = 1200

Total taxes =  $1,200

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Diego has $500 in his savings account. each month, he takes out $20 to pay for karate class.
lyudmila [28]

Answer:

25m?

Step-by-step explanation:

I mean I'm not sure what the question is asking for but after 25 months he won't have any money left lol hope that helped ♡

7 0
2 years ago
Elon sat on the dock with his fishing rod, when suddenly he felt the rod being pulled down! He reeled in his
prohojiy [21]

Answer:

The graph is attached.

Step-by-step explanation:

The exercise says that Elon took 35 seconds to pull the boot up to the surface, how the constant rate is:

  • Constant rate: 0.1 meters per second.

To know the meters below the surface that is the boot, we multiply the constant rate by the time Elon took to pull up it:

  • Boot depth = 0.1 m/s *35 s
  • Boot depth = 3.5 meters.

How the boot is pulling up through the time, the formula must subtract the time from the depth, how is below:

  • <u>a = 3.5 - 0.1t</u>

Where:

<em>a = depth.</em>

<em>t = time.</em>

8 0
2 years ago
A coach purchases 47 hats for his players and their families at a total cost of $302. The cost of a small hat is $5.50. A medium
bazaltina [42]
First, we define variables:
 x: small hat
 y: medium hat
 z: large hat
 We now write the system of equations:
 x + y + z = 47
 5.50x + 6y + 7z = 302
 -3x + y = 0
 We can write the system in matrix form as:
 Ax = b
 Where,
 A = [1  1  1; 5.50  6  7; -3  1  0]
 b = [47;  302;  0]
 x = [x;  y ;  z]
 Solving the system we have:
 x = 6
 y = 18
 z = 23
 Answer:
 
the coach did purchase 23 large hats
 
d. 23
3 0
2 years ago
Read 2 more answers
If speed varies inversely as the time it takes to drive and Kris takes 5 hours driving at 55 mph, what speed will Martin need to
Fudgin [204]

Answer:

<em>55mph . None of the options are correct </em>

Step-by-step explanation:

If the speed varies inversely as the time it takes to drive, then v ∝ 1/t. where;

v is the speed

t is the time taken

Hence;

v = k/t with k being the constant of proportionality.

Since it takes Kris 5 hours when driving at 55 mph, we will substitute v = 55mph and t = 5 hours. into the equation above to get the value of k as shown:

55 = k/5

Cross multiply

k = 55*5

k = 275

Hence, to calculate the speed it will Martin to  drive for 5 hours, we will substitute k = 275 and t = 5 into the original equation v = k/t  as shownl

v = 275/5

v = 55 mph

<em>Hence, we can conclude that Martin will also need to drive at a speed of 55mph if he wants to take 5hours.</em>

3 0
2 years ago
A hole is drilled in a sheet-metal component, and then a shaft is inserted through the hole. The shaft clearance is equal to dif
VashaNatasha [74]

Answer:

(A)

P(X \geq 0.8) = \int\limits_{0.8}^{\infty} f(x) \, dx  = \int\limits_{0.8}^{1} 1.25(1-x^4) \, dx = 0.08192

(B)

Then the cumulative function would be

CF(x) = 1.25x - 0.25x^5       if   0<x<1

0 otherwise.

Step-by-step explanation:

(A)

We are looking for the probability that the random variable X is greater than 0.8.

P(X \geq 0.8) = \int\limits_{0.8}^{\infty} f(x) \, dx  = \int\limits_{0.8}^{1} 1.25(1-x^4) \, dx = 0.08192

(B)

For any  x you are looking for the probability P(X \geq x)  which is

P(X \geq x)  = \int\limits_{-\infty}^{x}  1.25(1-t^4) dt = \int\limits_{0}^{x}  1.25(1-t^4) dt = 1.25x - 0.25x^2

Then the cumulative function would be

CF(x) = 1.25x - 0.25x^5       if   0<x<1

0 otherwise.

5 0
2 years ago
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