The most widely traded stock index future is on the
A) Dow Jones 1000 index.
B) S&P 500 index.
C) NASDAQ index.
D) Dow Jones 30 index.
B
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Extraordinary repairs usually are recorded by making a debit to
a. a capital account. b. Repair Expense. c. a contra-asset account. d. an asset account.
_______ determines how easily the service desk can be reached by service desk staff, other employees of the company, and its customers.
Fill in the blank(s) with the appropriate word(s).
In the United States, government operates under federalism where both the federal and state regulate citizens
a. True b. False
Steve and Jennifer are in the 32% tax bracket for ordinary income and the 15% bracket for capital gains. They have owned several blocks of stock for many years. They are considering the sale of two blocks of stock. The sale of one would produce a gain of $12,000 while the sale of the other would produce a loss of $18,000. For purposes of this problem, ignore itemized deductions, phase-outs and additional investment taxes. They have no other gains and losses this year.a.How much tax will they save if they sell the block of stock that produces a loss?b.How much additional tax will they pay if they sell the block of stock that produces a gain?c.What will be the impact on their taxes if they sell both blocks of stock?
What will be an ideal response?