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15. Suppose that you purchased 100 shares of a stock six months ago for $19.50 per share. The commission for the trade was 525 .

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15. Suppose that you purchased 100 shares of a stock six months ago for $19.50 per share. The commission for the trade was 525 . Since then, they've had one two-for-one stock split. You recently sold your 200 shares for $86.40 per share. The commission for the trade was $25. You're in the 25% marginal income tax bracket, and the tax rate for long-term capital gains is 15%. What's the tax that you'll pay for your capital gain on your stock? Answer: You'll pay S in taxes. 16. Suppose that you purchased 100 shares of a stock six years ago for $19.50 per share. The commission for the trade was $25. Since then, they've had one two-for-one stock split. You recently sold your 200 shares for $86.40 per share. The commission for the trade was $25. You're in the 25% marginal income tax bracket, apd the tax rate for long-term capital gains is 15%. What's the tax that you'll pay for your capital gain on your stock? Answer: You'll pay $ in taxes. 17. Suppose that you're in the 28% marginal income tax bracket, and you decide to start putting $8,000 per year into a Supplemental Retirement Account. By how much will your takehome pay be reduced? Answer: Your take-home pay will fall by S per year

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