Kari wants to make a $50,000 charitable contribution to a school by gifting appreciated stock. She has 23,000 shares of Aviator Corp Stock at a cost basis of $20/share and with a current market value of $50/share. Kari has a marginal tax rate of 35% and an average tax rate of 23%. The capital gains tax is 15
Kari wants to make a $50,000 charitable contribution to a school by gifting appreciated stock. She has 23,000 shares of Aviator Corp Stock at a cost basis of $20/share and with a current market value of $50/share. Kari has a marginal tax rate of 35% and an average tax rate of 23%. The capital gains tax is 15
Pfin (with Mindtap, 1 Term Printed Access Card) (mindtap Course List)
7th Edition
ISBN:9780357033609
Author:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Publisher:Randall Billingsley, Lawrence J. Gitman, Michael D. Joehnk
Chapter13: Investing In Mutual Funds, Etfs, And Real Estate
Section: Chapter Questions
Problem 9FPE
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Kari wants to make a $50,000 charitable contribution to a school by gifting appreciated stock. She has 23,000 shares of Aviator Corp Stock at a cost basis of $20/share and with a current market value of $50/share. Kari has a marginal tax rate of 35% and an average tax rate of 23%. The
A. How many shares does she need to gift to the school?
B. How much is her capital gains tax on this gift?
C. What is her tax savings from making this contribution?
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