Matt has a substantial portfolio of securities. As of December 2 of the current year, Matt has a net capital gain position of $22,000 . Discuss Matt's optimal tax-planning strategy for capital gains and losses
Any capital losses Matt realizes before year-end will reduce the $22,000 net long-term capital gain. Optimally, Matt will sell capital assets with unrealized losses to produce additional capital losses of $25,000 . This will change his capital gain/loss position to a net loss of $3,000 ($22,000 - $25,000) for the year and he will be able to deduct the entire $3,000 . However, a pitfall does exist. If Matt sells stock to produce the $25,000 loss, he cannot repurchase any shares of the same company for 30 days. If Matt does repurchase the same shares, wash sale rules will disallow the loss deduction on the shares replaced.
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Madame Tussaud's wax museum is a popular tourist attraction in London. The museum charges higher entry rates for tourists compared to locals. This form of price discrimination is known as ________
A) customer-segment pricing B) image pricing C) location pricing D) special customer pricing E) special event pricing
Suppose the manufacturer pays a commission on every car sold. Then, the salesperson's commission is classified as a(n) ________
A) cost of labor B) traceable common cost C) non-traceable common cost D) advertising cost E) direct cost
The three Vs are considered a defining feature of big data. Which of the following is the best definition of the term big data?
A. Variety, visibility, & valuation. B. Volition, veracity, & velocity. C. Volume, velocity, & variety. D. Volume, variability, & veracity.
Rule 10b-5 applies to any:
a. buyer of a registered security. b. seller of a registered security. c. person who buys or sells a registered security. d. person who buys or sells any security.