Question
Leyla has invested in a stock in January 2020. She has paid $20 per share and has purchased 650 shares. She sold her shares in
Leyla has invested in a stock in January 2020. She has paid $20 per share and has purchased 650 shares. She sold her shares in December 2020 for $26 per share. In 2020, she received $1.50 dividend per share. Assume that her marginal tax rate is 40%, effective tax rate is 33% and that she is not elligible for dividend tax credit. Calculate the total dollar amount of taxes she needs to pay in her investment. (Omit $ sign in your response}
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Engineering economy
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