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single wishes to sell the asset at a price high enough so that he will have $126,000 in cash after paying the income taxes. Requirements

image text in transcribedimage text in transcribed single wishes to sell the asset at a price high enough so that he will have $126,000 in cash after paying the income taxes. Requirements a. What is the minimum price the investor could accept? b. What is the minimum price the investor could accept if all the gain is subject to the Medicare tax on net investment income? Requirement a. What is the minimum price the investor could accept? Start by selecting the formula to determine the minimum selling price. (Abbreviations used: TR = tax rate, SP = selling price, AT = after tax.) (Do not round intermediary calculations. Only round the amount you input in the cell to the nearest dollar.) The minimum price the investor could accept is amount you input in the cell to the nearest dollar.) In this scenario, the minimum price the investor could accept is single wishes to sell the asset at a price high enough so that he will have $126,000 in cash after paying the income taxes. Requirements a. What is the minimum price the investor could accept? b. What is the minimum price the investor could accept if all the gain is subject to the Medicare tax on net investment income? Requirement a. What is the minimum price the investor could accept? Start by selecting the formula to determine the minimum selling price. (Abbreviations used: TR = tax rate, SP = selling price, AT = after tax.) the amount you input in the cell to the nearest dollar.) AT-[SP(SPTR)]=Basis (BasisTR)SP=AT SP(SPTR)+basis=(ATTR)SP[TR(SPbasis)]=AT

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