Michelle and patrick are in the 28% marginal tax bracket. They bought 100 shares of djn stock at $45 per share and sold them 4 years later in 2015 at $22 per share? By how much did their loss reduce their taxes in the year when they sold the stock?

$644

Explanation:

From the question, we are informed that Michelle and Patrick are in the 28% marginal tax bracket and that they bought 100 shares of djn stock at $45 per share and sold them 4 years later in 2015 at $22 per share.

To get the amount by which their loss reduce their taxes in the year when they sold the stock goes thus:

= 28% × [($45 × 100) - ($22 × 100)]

= 28% × ($4500 - $2200)

= 28% × $2300

= 0.28 × $2300

= $644

answer; (c) run the name by everyone you can;

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know