Business, 11.12.2019 04:31 saneayahsimmons
You purchased 100 shares of megacorp for $17 per share four months ago. the brokerage fee was 4% of the total dollar amount of the purchase. today you sold the shares for $23.50 per share. brokerage fees were 4% of the total sale value. if you are in the .28 marginal tax bracket, how much tax do you owe on the capital gain? (hint: since this is a short term investment [less than one year], you will utilize the marginal tax bracket of .28 instead of using the .15 [which is for long term capital gains and dividends.)
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You purchased 100 shares of megacorp for $17 per share four months ago. the brokerage fee was 4% of...
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