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Sam Scurry bought several hundred shares of annable.com at a price of $41.35 about 5 years ago that sell for $67.90 per share today. Sam
Sam Scurry bought several hundred shares of annable.com at a price of $41.35 about 5 years ago that sell for $67.90 per share today. Sam pays capital gains tax at the rate of 15%, and pays tax on dividends at the rate of 31%. Suppose that annable.com elects not to pay a dividend this year, and that Sam sells 19 shares of stock. How much of the total amount of proceeds from the sale will Sam get to keep?
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