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Sam Scurry bought several hundred shares of annable.com at a price of $41.50 about 5 years ago that sell for $64.20 per share today. Sam

Sam Scurry bought several hundred shares of annable.com at a price of $41.50 about 5 years ago that sell for $64.20 per share today. Sam pays capital gains tax at the rate of 21%, 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 17 shares of stock.

How much of the total amount of proceeds from the sale will Sam get to keep? $ __________

Place your answer in dollars and cents without a comma or dollar sign. It is best to work your analysis out using at least four decimal places of accuracy. That is, allow your tax on capital gain per share to go beyond the second decimal place.

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