Question
3) Sally purchased 100 shares of Intel in her IRA on January 4, 2018 for $95 per share. She subsequently sold those shares on June
3) Sally purchased 100 shares of Intel in her IRA on January 4, 2018 for $95 per share. She subsequently sold those shares on June 1, 2020 for $203 per share. What was the amount of her capital gain and how much tax would she pay on this transaction?
9) Sally bought 300 shares of CSCO for $35.60 in her brokerage account on March 16, 2020, and sold half of her position on August 24, 2020, for $42.20. Whats her capital gain and at what tax rate will she pay on those gains?
17) Assume Josephine purchases a home for $180,000 and has a 20% down payment. If she finances the purchase with a 30 year mortgage with a 4% interest ratewhat is her monthly payment? If she pays the mortgage through the entire term with no early payment, how much interest will she pay over the life of the loan?
19) Assume Earl purchased 1000 shares of Tesla in his brokerage account on June 1, 2017 for $33.74 per share and sold his entire position for $62.93 per share on May 2, 2020. Assuming he is filing his federal income tax return as a single, has a $600,000 income, claims the standard deduction and had no other investment transactions, what is the maximum tax rate he would pay on his Tesla gain:
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