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Question 10 (2 points) In September 2017, Mary made an investment of $10,000 by purchasing 100 shares of common stock of Apple, Inc., The
Question 10 (2 points) In September 2017, Mary made an investment of $10,000 by purchasing 100 shares of common stock of Apple, Inc., The stock increased in price to $110 by the end of 2017. During 2018 Apple's common stock is traded at $230 per share. In 2019 Mary sold 50 of her shares at fair market value of $140 per share. What is the tax effect of the sales for 2017, 2018 and for the current year respectively? a) $1,000: $13,000; $2,000 b) None; $13,000; $1,200 c) None; none; $2,000 d) None: none; none
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