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Lilly earns $620000 per year, while her husband Larry is a stay-at-home dad who is also tasked with managing their finances. After factoring in their
Lilly earns $620000 per year, while her husband Larry is a stay-at-home dad who is also tasked with managing their finances. After factoring in their household expenses, they're left with $100,000 of surplus income. Larry feels bullish on a stock tip he received concerning XYZ Stock, and he decides to invest some of their excess income at a cost of $50,000. If the stock issued pays no dividends, and its current value is $55,000 how much capital gains will Larry be responsible for claiming this tax year? Please round your answer to the nearest dollar, and do not use any symbols (i.e.: dollar sign, comma, or a decimal in your answer) For example: if your answer is $1,820.50 then it should be input as 182
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