Question
Tom bought 100 shares of Apple stock at $200 each sixteen months ago, and today Apple stock price is $220. Apple just paid a dividend
Tom bought 100 shares of Apple stock at $200 each sixteen months ago, and today Apple stock price is $220. Apple just paid a dividend of $0.75 per share. Tom faces an ordinary income tax rate of 35% and capital gain/qualified dividend tax rate of 18.8%. How much tax does Tom owe to the IRS on this dividend income?
| $14.1 | ||
| $26.25 | ||
| $75 | ||
| $200 |
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Principles Of Finance
Authors: Scott Besley, Eugene F. Brigham
2nd Edition
003034509X, 9780030345098
