contestada

​anne and jose romero are in the 28 percent marginal federal tax bracket. two years ago they purchased 100 shares of abc stock for $28 per share, paying commissions of $75. last week they sold this stock for $35 per share and paid commissions of $50. how much is their taxable capital gain on this investment?

Respuesta :

W0lf93
In order to calculate capital gain, you will need to determine how much they earned on the stock and then subtract any fees. On each share of stock they made $7 ($35 selling price - $28 purchase price). Over the 100 shares they owned they made $700. If you take out the $75 and $50 stocks that would leave them with $575 worth of earnings which would be their taxable capital gains.

Otras preguntas