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You purchased 500 shares of stock on May14th 2017 for $45/share as this was in line with your estimated intrinsic value for the company at
You purchased 500 shares of stock on May14th 2017 for $45/share as this was in line with your estimated intrinsic value for the company at that time. Assume that your Marginal Tax Rate is 24%.
You sell the 500 shares of that same security for $72/share on September 30 2017. Over the course of your owning the asset you receivedordinary(non-qualified) dividends equal to $.65/share. What would be the total amount that you would owe in taxes (please round to the nearest whole dollar, ex. 1,256.70 would be 1,257)?
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