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Two years ago, Darnell purchased 100 shares of a particular company's stock at a price of $136.14 per share. Last year, Darnell received an
Two years ago, Darnell purchased 100 shares of a particular company's stock at a price of $136.14 per share. Last year, Darnell received an annual dividend of $1.45 per share, and at the end of the year, a share of stock was trading at $139.27per share. This year, Darnell received an annual dividend of $1.60 per share and at the end of the year sold all 100 shares at a price of $149.48 per share. In the first column of the following table, enter the total annual dividends Darnell received each year, as well as the total capital gains at the end of each year. Suppose Darnell is in the 24% tax bracket. Compute the taxes Darnell pays each year on dividends and capital gains from this investment by completing the second column in the table. Note: Throughout this problem, please round your answers to the nearest cent. Amount Taxes Owed Your t Pluidonder
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