subject
Business, 09.01.2021 04:00 34267

Patrick has successfully invested in a growing tech company. Three years ago he invested $10,000 in the company through a broker. Now he has decided to sell his stock. The value of his stock is now at $17,000. Here are the taxes and fees associated with his investment: Annual brokerage fee: $25 State tax: 5% of profit Federal tax: 25% of profit Inflation rate: 1% per year The state tax Patrick must pay on the initial profit is . The federal tax he must pay on the initial profit is ___. The inflation on the amount remaining after taxes is . As a result, the real value of Patrick’s profit is . Please explain!

ansver
Answers: 3

Another question on Business

question
Business, 22.06.2019 03:00
Sonic corp. manufactures ski and snowboarding equipment. it has estimated that this year there will be substantial growth in its sales during the winter months. it approaches the bank for credit. what is the purpose of such credit known as? a. expansion b. inventory building c. debt management d. emergency maintenance
Answers: 1
question
Business, 22.06.2019 07:30
An instance where sellers should work to keep relationships with customers is when they instance where selllars should work to keep relationships with customers is when they feel that the product
Answers: 1
question
Business, 22.06.2019 17:00
Serious question, which is preferred in a business? pp or poopoo?
Answers: 1
question
Business, 22.06.2019 17:20
Arecession is defined as a period in which
Answers: 1
You know the right answer?
Patrick has successfully invested in a growing tech company. Three years ago he invested $10,000 in...
Questions
question
Mathematics, 01.06.2021 23:30
question
Mathematics, 01.06.2021 23:30
Questions on the website: 13722367