Question
If the cost basis of a stock is 500$, and you are in the 28% tax bracket, and you sell it 11 months later for
If the cost basis of a stock is 500$, and you are in the 28% tax bracket, and you sell it 11 months later for $7000$, the amount of taxable gain would be 6500$
How much would have to pay Uncle Sam?
| $ 6500 | ||
| About a thrid, depending upon your other deductions | ||
| 1820$ | ||
| $1300 |
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Analysis For Financial Management
Authors: Robert Higgins
7th Edition
0072863641, 9780072863642
