Question
Leyla has invested in a stock in January 2020. She has paid $28 per share and has purchased 800 shares. She sold her shares in
Leyla has invested in a stock in January 2020. She has paid $28 per share and has purchased 800 shares. She sold her shares in December 2020 for $32 per share. In 2020, she received $2 dividend per share. Assume that her marginal tax rate is 40% and she is not eligible for dividend tax credit. Calculate the total dollar amount of taxes she needs to pay in her investment.
Do not round intermediate calculations. Round the final answer to 2 decimal places. Omit any commas and the $ sign in your response. For example, an answer of $1,000.50 should be entered as 1000.50.
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