Question
You bought 50 shares of stock in SBUX five months ago for $60 per share. The stock has surged in price and today you sold
You bought 50 shares of stock in SBUX five months ago for $60 per share. The stock has surged in price and today you sold your shares for $81.53 each. Over the time you held your shares of SBUX, you received qualified dividends totaling $0.47 per share. You also sold 100 shares in CROX for $29.82 per share that you purchased 18 months ago for $22.03 per share. CROX did not pay a dividend. You are in a 20% ordinary income tax bracket and a 15% capital gains tax bracket. How much will you owe in net taxes on these transactions?
Group of answer choices
$335.68
$935.68
$375.80
$281.85
None of the above
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