please explain wetjet shares and big shares as answer is given. answer as soon as possible
Dr. James Cloutier is 36 years old and is in the process of getting a divorce. As part of the divorce proceedings, Dr. Cloutier must sell a number of his assets and holdings in order to divide the assets of the marnage and pay a large settiement to his former spouse, Jillian Cloutier. Dr. Cloutier has provided you with the following list of assets that he sold in the current year, including the asset cost and the proceeds of disposition: (Click the icon to view the list of assets.) Requirement 2. Calculate the net taxable capital gain for Dt. James Cloutier for the current year. (Round your answer to the nearest cent.) The net taxable gain for the year is List of assets Additional information: The home was the principal residence for Dr. Cloutier and his former spouse for 10 years, ending in the current taxation year. Last year, Dr. Cloutier sold his cabin at the lake, which he claimed as his principal residence for two taxation years (the cabin at the lake was designated as Dr. Cloutier's principal residence for the two most recent taxation years.) Therefore, this home cannot be claimed as Dr. Cloutier's principal residence for those years. List of assets Additional information: Dr. Cloutier bought this vacant land as an investment property Since its purchase, the land has been vacant and Dr Cloutier has not earned any income on the land, but he paid $1,500 in property taxes and $480 on mortgage interest on the land during this time. Asset Description Proceeds of Disposition Original Price Paid Westjet shares $50 per share (December) Various Additional information: Dr. Cloutier purchased the Westiet shares over a period of time. Several years ago, he purchased 1,100 shares for \$21 per share. In January of the previous taxation year, Dr. Cloutier purchased 800 shares for $17 per share. In Aprit of the previous taxation year, Dr. Cloutier sold 1,300 shares at $30 per share to buy a gift for his wife. In June of the current taxation year, Dr. Cloutier purchased 1,050 shares for $28 per share. In October of the current taxation year, Dr. Cloutier purchased another 1,450 shares for $34 per share. In December of the current year, Dr. Cloutier sold all of his remaining Westiet shares. There are no brokerage fees on any of the Westjet share transactions. Dr. James Cloutier is 36 years old and is in the process of getting a divorce. As part of the divorce proceedings, Dr. Cloutier must sell a number of his assets and holdings in order to divide the assets of the marnage and pay a large settiement to his former spouse, Jillian Cloutier. Dr. Cloutier has provided you with the following list of assets that he sold in the current year, including the asset cost and the proceeds of disposition: (Click the icon to view the list of assets.) Requirement 2. Calculate the net taxable capital gain for Dt. James Cloutier for the current year. (Round your answer to the nearest cent.) The net taxable gain for the year is List of assets Additional information: The home was the principal residence for Dr. Cloutier and his former spouse for 10 years, ending in the current taxation year. Last year, Dr. Cloutier sold his cabin at the lake, which he claimed as his principal residence for two taxation years (the cabin at the lake was designated as Dr. Cloutier's principal residence for the two most recent taxation years.) Therefore, this home cannot be claimed as Dr. Cloutier's principal residence for those years. List of assets Additional information: Dr. Cloutier bought this vacant land as an investment property Since its purchase, the land has been vacant and Dr Cloutier has not earned any income on the land, but he paid $1,500 in property taxes and $480 on mortgage interest on the land during this time. Asset Description Proceeds of Disposition Original Price Paid Westjet shares $50 per share (December) Various Additional information: Dr. Cloutier purchased the Westiet shares over a period of time. Several years ago, he purchased 1,100 shares for \$21 per share. In January of the previous taxation year, Dr. Cloutier purchased 800 shares for $17 per share. In Aprit of the previous taxation year, Dr. Cloutier sold 1,300 shares at $30 per share to buy a gift for his wife. In June of the current taxation year, Dr. Cloutier purchased 1,050 shares for $28 per share. In October of the current taxation year, Dr. Cloutier purchased another 1,450 shares for $34 per share. In December of the current year, Dr. Cloutier sold all of his remaining Westiet shares. There are no brokerage fees on any of the Westjet share transactions
