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Ps Iion Worth of Slares c. Pay $1 billion stock dividend d. Do a 2-for-1 stock split (Use the following information for the next two

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Ps Iion Worth of Slares c. Pay $1 billion stock dividend d. Do a 2-for-1 stock split (Use the following information for the next two questions.) Mark purchased 8,000 shares of Apple stock two years ago at the price of $150 per share. Apple stock is trading at $215 today and will pay a dividend of $3/share with tomorrow being the ex-date. Mark faces an ordinary income tax rate of 35% and a capital gain/ qualified dividend tax rate of 18.8% 19. How much tax will Jack owe to the U.S. federal government when he receives the dividend? A. $3,500 B. $4,512** C. $6,357 D. $8,400 20. How much unrealized tax liabilities will he have after the dividend payment? A. 48,985 B. 93,248* C. 173,600

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