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Calculating taxes owed on Brian's investment Two years ago, Brian purchased 1 0 0 shares of a particular company's stock at a price of $
Calculating taxes owed on Brian's investment
Two years ago, Brian purchased shares of a particular company's stock at a price of $ per share. Last year, Brian received an annual dividend of $ per share, and at the end of the year, a share of stock was trading at $ per share. This year, Brian received an annual dividend of $ per share and at the end of the year sold all shares at a price $ per share.
In the first column of the following table, enter the total annual dividends Brian received each year, as well as the total capital gains at the end of each year.
Suppose Brian is in the tax bracket.
Compute the taxes Brian pays each year on dividends and capital gains from this investment by completing the second columis in the table.
Note: Throughout this problem, please round your answers to the nearest cent.
tableAmount,Taxes OwedYear Dividends:,,Capital Gains:,$Year Dividends:,,Capital Gains:,$
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