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In his will, Tony left $50,000 insurance to his daughter, Alice, aged 25, and shares worth $50,000 to his daughter Karen, aged 27.The shares had
In his will, Tony left $50,000 insurance to his daughter, Alice, aged 25, and shares worth $50,000 to his daughter Karen, aged 27.The shares had an adjusted cost base of $10,000.Both Alice and Karen are in the top tax bracket.The year he died, the marginal tax rate of all three was 42%.How much will Karen get after tax (ignoring probate):
Question 39 options:
$41,600
$33,200
$29,000
$50,000
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