Capital Gain Income

Gross profit is calculated by...

• Revenue - Expense

• Revenue + Expense

• Revenue - Liabilities

• Revenue + Liabilities

Tags

CCSS.7.RP.A.3

Examples may include salaries, utilities, rent, insurance, and office supplies.

• Revenue
• Expense
• Net Income
• Net Loss

Tags

CCSS.6.NS.C.5

Which of the following means money spent?

• income

• expense

• net income

• gross income

Tags

CCSS.L.11-12.4C

CCSS.L.6.4C

CCSS.L.7.4C

CCSS.L.8.4C

CCSS.L.9-10.4C

When expenses are greater than income?

• expense

• net loss

• net income

• net gain

Tags

CCSS.6.NS.C.7C

A Net Profit occurs if:

• Gross Profit is greater than expenses
• Expenses greater than Gross Profit
• None of the listed choices

Tags

CCSS.7.RP.A.3

The wealthiest people in the United States obtained their wealth through:

• Inheritance

• Wages and Earnings

• Creating or buying assets that increased in value over time

• Lottery Winnings

Which of the following is NOT a capital assets?

• Bank Account

• Your Human Capital

• Your Home

• Mutual Funds

Identify the correct capital gain calculation

• Sales Price - Basis - Selling Costs = Gain/Loss

• Basis - Sales Price - Selling Costs = Gain/Loss

• Sales Price + Selling Costs - Basis = Gain/Loss

• Basis - Sales Price + Selling Costs = Gain/Loss

Match the following

• Capital Loss

• Occurs when the sale price of an asset is less than the basis of the property

• Basis

• Animal

• Capital Asset

• Something you own that can be used for personal or investment purposes.

• Capital Gain

• The price you pay for an asset

• Sloth

• Occurs when the sale price of an asset is greater than the basis of the property

Tags

CCSS.8.F.A.3

How many weeks in a year?

• 365
• 52
• 26
• 12

Tags

CCSS.4.MD.A.1