Question
Maria-Victoria purchased units of the TAX Fund for her non-registered account on January 1, 2021, at a price of $38.50 NAVPS. On December 31, 2021,
Maria-Victoria purchased units of the TAX Fund for her "non-registered" account on January 1, 2021, at a price of $38.50 NAVPS. On December 31, 2021, the TAX Fund pays a capital gain distribution of $2.50 per share and the NAVPS falls to $36. What is Maria-Victoria's tax payable per unit if her marginal tax rate is 30%?
| $0.75 | ||
| $2.50 | ||
| $1.50 | ||
| $0.45 |
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Business Math
Authors: Cheryl Cleaves, Margie Hobbs, Jeffrey Noble
10th edition
133011208, 978-0321924308, 321924304, 978-0133011203
