Golden Inc. is a firm with a stock price of $50 per share. The firm has decided to not pay the usual dividend of $1.50 per share. Jones, a shareholder on the record of Golden, has 500 shares that she purchased some time ago for $5.00 per share. Jones needs cash and decides to create for herself the $750 dividend by selling some of her shares of Golden. Which of the following comes closest to the TOTAL AMOUNT OF TAXES that Jones must pay on the sale if the tax rate on capital gains is 20%?

Select one:

a. $85

b. $135

c. $150

d. $50

e. Given the facts as presented, there is no tax due on the sale.