Taxpayers may elect to include net capital gain as part of investment income.
Answer the following statement true (T) or false (F)
True
Net capital gain and qualifying dividend income are not normally included in the net investment income ceiling, but an election is available to the taxpayer to include them if the taxpayer is willing to forego the applicable favorable tax rates.
You might also like to view...
Which of the following is a level of the database that is defined by the data definition language?
a. user view b. schema c. internal view d. all are levels or views of the database
Give an example of the two main kinds of organizational justice.
What will be an ideal response?
The last seven weeks of demand at a new car dealer are shown below. Use a three-period weighted-moving average forecast to determine a forecast for the 8th week using weights of 3, 2, and 1 (where the most recent week receives the highest weight)
(Round all forecasts to the nearest whole unit.) Calculate the MAD for this forecast (covering all weeks in which error comparisons can be made). What does the MAD indicate? Week Sales 1 25 2 30 3 27 4 31 5 27 6 29 7 30
Addams Coaches Inc. is a bus line with service to several major cities. It has several competitors that each offer service to one or two cities, and based on its current outlays, it cannot match or beat those competitors on price. Because of long-term contracts and an increase in the cost of gasoline, it is not possible to reduce expenditures at this time. Which of these strategies should Addams pursue instead?
A. Close the business until the cost of gas decreases. B. Pursue a differentiated strategy. C. Compete based on inter-group rivalry, not intra-group rivalry. D. Create a strategic group through mergers.