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On January 1,2013 , an investor bought 200 shares of Gottahavit, Inc., for $50 per share. On January 3 , 2014 , the investor sold
On January 1,2013 , an investor bought 200 shares of Gottahavit, Inc., for $50 per share. On January 3 , 2014 , the investor sold the stock for $55 per share. The stock paid a quarterly dividend of $0.25 per share. How much (in \$) did the investor earn on this investment and, assuming the investor is in the 33% tax bracket, how much will she pay in income taxes on this transaction? Assume a preferential tax rate of 15% on dividends and capital gains. The amount (before taxes) the investor earned on this investment is $ (Round to the nearest dollar.) Assuming a preferential tax rate of 15%, the amount she will pay in income taxes on this transaction is $ (Round to the nearest cent.)
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