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Jim makes the following purchases of shares of Initech, a public Canadian company: - 1/1/2001:95 shares, $20 each - 1/1/2005: 190 shares, $55 oach -
Jim makes the following purchases of shares of Initech, a public Canadian company: - 1/1/2001:95 shares, $20 each - 1/1/2005: 190 shares, $55 oach - 1/1/2010: 390 shares, $17.00 each The shares are capital assets to Jim. Jim sells 95 shares during the cument taxation yoar and recones procueds from the sale of 510,000 . How ruch is Jimis grobi capital gain on the sale? Choose the correct answer. (Round to the nearest dollar.) A. $7,329 B. $0 C. $8,100 D. $5,225
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