Question
1a. Mica purchased 1,000 shares of stock for $28 per share. During the year, she received dividend checks amounting to $2,000. Mica recently sold the
1a. Mica purchased 1,000 shares of stock for $28 per share. During the year, she received dividend checks amounting to $2,000. Mica recently sold the stock for $33 per share. What was Micas percentage return on the stock (including both dividends and capital gains)?
1b. Capital Gains Tax. Mica is single and is in a 32% tax bracket. What amount of taxes will she pay on her capital gain (not including the dividends) if she held the stock for 11 months?
1c. Capital Gains Tax. How much would Mica pay on her capital gain (not including the dividend) for tax if she held the stock 13 months, assuming she sold it for the same amount?
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