1. Barry Modin bought 575 of Gingridge LLC at a price of $41.40 about 5 years ago that sell for $60.00 per share today. Barry pays capital gains tax at the rate of 15%, and pays tax on dividends at the rate of 31%. Suppose the Gingridge pays a dividend per share of $3.50. How much of the total dividend paid by the company to Barry will he get to keep?

$_______

2. Sam Scurry bought several hundred shares of annable.com at a price of $41.40 about 5 years ago that sell for $64.20 per share today. Sam pays capital gains tax at the rate of 19%, and pays tax on dividends at the rate of 27%. Suppose that annable.com elects not to pay a dividend this year, and that Sam sells 19 shares of stock. How much of the total amount of proceeds from the sale will Sam get to keep?

$_________

3. Shawn Daily was given a gift of Giggle stock by his uncle several years ago at a price of $41.15 per share. Giggle sells today for $61.50 per share. Shawn is taxed on capital gains at the rate of23%, and is taxed on dividends at the rate of 29%. Shawn uses the dividends from Giggle to meet certain expenditures, and is disappointed to learn that Giggle will forego a dividend this year. To counteract the decision by Giggle, Shawn sells 19shares of Giggle stock. How much of the total amount of proceeds from those shares will Shawn get to keep? $_________