Use the following information for Seagull Corporation in 2021: Book value at beginning of year $300 million Shares 15 million Share price-to-book ratio at beginning of year 3.2 Pre-tax profits $50 million Corporate profits tax rate 25% Dividend payout ratio .4 Jack the Tipper purchased 1,000 shares at beginning of the year. He sold a quarter of them at year-end when Seagulls price-to-book declined to 3.13 (because its ROE was not that great). Jack is in the 20% tax bracket (which includes his dividends). Capital gains, if any, are favorably taxed at half the ordinary rate. What are Jacks taxes related to his investment in Seagull?

Use the following information for Seagull Corporation in 2021: Book value at beginning of year $300 million Shares 15 million Share price-to-book ratio at beginning of year Pre-tax profits $50 million Corporate profits tax rate 25% Dividend payout ratio .4 Jack the Tipper purchased 1,000 shares at beginning of the year. He sold a quarter of them at year-end when Seagull's price-to-book declined to 3.13 (because its ROE was not that great). Jack is in the 20% tax bracket (which includes his dividends). Capital gains, if any, are favorably taxed at half the ordinary rate. What are Jack's taxes related to his investment in Seagull