Search this course Ch 03: Assignment - Financial Statements. Cash Flow, and Taxes 8. The tax system X Ols Understanding taxes which source of investor income is susceptible to double taxation A-Z Dividends Interesteamed You bought 1,000 shares of Tund Corp, stock for $75.00 per share and sold for $77.25 per share within the same year. How will your gain or loss be treated when you file your taxes? BEE 7. imited ed As a capital gained at the current ordinary income tax rate As a capital gain taxed at the long term tax rate Depreciation expenses directly affect a company's table income. An increase in depreciation expense will lead to a lower taxable income to wil decrease tax deducted from a company's caring, thus leading to a higher operating cow. of taxpayer is able to pay $8.950 e AMT law but $7.500 according to the regular tax system, the taxpayer will need to pay taxes according to the Alternative Minimum Tax CANT) System Tootettable income is given year, ordinary corporate operating can be Carriette for 5 years and carried forward for 10 years Carried back for 2 years and carried forward for