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will upvote once completed properly, thanks Ted Field owns 1,000 shares of Greener Pastures Ltd. He purchased these shares on the stock exchange in 2003

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will upvote once completed properly, thanks

Ted Field owns 1,000 shares of Greener Pastures Ltd. He purchased these shares on the stock exchange in 2003 for a total of $1,000. The shares are now selling at $50 per share. His 22-year-old daughter, Joan, is getting married and he wishes to sell her 500 shares of Greener Pastures Ltd. for $6,000 so that she can sell them immediately and use the proceeds toward the purchase of a house. Calculate the total taxable capital gains, if any, for Ted and Joan (combined) if they follow through with the transactions. Enter your answer with 2 decimal places (do not include a comma or $ sign). Answer: Ted Field owns 1,000 shares of Greener Pastures Ltd. He purchased these shares on the stock exchange in 2003 for a total of $1,000. The shares are now selling at $50 per share. His 22-year-old daughter, Joan, is getting married and he wishes to sell her 500 shares of Greener Pastures Ltd. for $6,000 so that she can sell them immediately and use the proceeds toward the purchase of a house. Assume Ted gifts the 500 shares to Joan (and Joan immediately sells the shares). Calculate the total taxable capital gains, if any, for Ted and Joan (combined) from these transactions. Enter your answer with 2 decimal places (do not include a comma or \$ sign)

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