On October 30, 2015, Tess bought 500 shares of ACTS stock for 640 pesos per share. On November 15, 2016, ACTS paid a 620 pesos dividend per share, and on January 15, 2017, she sold the stock for 677 pesos per share. Did Tess gain or lose on the investment? How much money did she gain or lose in the investment? (with complete solutions)

On October 30, 2015, Tess bought 500 shares of ACTS stock for 640 pesos per share. On November 15, 2016, ACTS paid a 620 pesos dividend per share, and on January 15, 2017, she sold the stock for 677 pesos per share. Did Tess gain or lose on the investment? How much money did she gain or lose in the investment? (with complete solutions)

SWFT Corp Partner Estates Trusts

42nd Edition

ISBN:9780357161548

Author:Raabe

Publisher:Raabe

Chapter19: Family Tax Planning

Section: Chapter Questions

Problem 30P

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On October 30, 2015, Tess bought 500 shares of ACTS stock for 640 pesos per share. On November 15, 2016, ACTS paid a 620 pesos dividend per share, and on January 15, 2017, she sold the stock for 677 pesos per share. Did Tess gain or lose on the investment? How much money did she gain or lose in the investment?
On October 30, 2019, Tess bought 500 shares of ACTS stock for ₱ 640.00 per share. OnNovember 15, 2020, ACTS paid a ₱ 620.00 dividend per share, and on January 15, 2021,she sold the stock for ₱ 677.80 per share. Did Tess gain or lose on the investment? Howmuch money did she gain or lose in the investment?
In 2017, Marvin bought 100 shares of ABC stock. He decided to sell the stock on March 30, 2022. Marvin’s original cost for the stock was $15,065 plus an additional $55 in broker’s fees. When he sold the stock, he received gross proceeds of $9,757. What is the net gain or loss from his transaction? Is it a long- or short-term capital gain or loss?
Ahmad invested $3,000 and purchased shares of a German corporation when the exchange rate was $1.00 = €1.06. After six months, she sold all of the shares for €3,180 when the exchange rate was $1.00 = €1.20. No dividends were paid during the time Ahmad owned the shares of stock. What is the amount of Ahmad's gain or loss on this investment?
3) Sally purchased 100 shares of Intel in her IRA on January 4, 2018 for $95 per share. She subsequently sold those shares on June 1, 2020 for $203 per share. What was the amount of her capital gain and how much tax would she pay on this transaction? 9) Sally bought 300 shares of CSCO for $35.60 in her brokerage account on March 16, 2020, and sold half of her position on August 24, 2020, for $42.20. What's her capital gain and at what tax rate will she pay on those gains? 17) Assume Josephine purchases a home for $180,000 and has a 20% down payment. If she finances the purchase with a 30 year mortgage with a 4% interest rate....... what is her monthly payment? If she pays the mortgage through the entire term with no early payment, how much interest will she pay over the life of the loan? 19) Assume Earl purchased 1000 shares of Tesla in his brokerage account on June 1, 2017 for $33.74 per share and sold his entire position for $62.93 per share on May 2, 2020. Assuming he is filing his…
Carlos purchased 2,000 shares of a common stock last June 2017 for Php 3,200,000. In June 2018, he then sold 1,000 shares of the common stock for Php 1,800 per share. The remaining 1,000 shares were finally sold for Php 2,000 per share in June 2019. What was Carlos's internal rate of return (IRR) on this investment? Use spreadsheet solution.
John bought 400 shares of Apple stock on January 1, 2015 for $200 per share with a brokerage fee of $1,000. He sold 200 shares for $140 per share on November 22, 2021. John then purchased 100 shares of the same type of Apple stock on December 28, 2021 for $132 per share. Wash sale rule. What is the proceeds from the sale and the cost of the sale (current basis or adjusted basis)? Is this a short-term capital gain/loss or a long term capital gain/loss taxed at 0/15/20, 25, or 28%?
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CryptocurrencyLisa converted cryptocurrency into $27,200 Australian dollars in October2019. To complete the transaction, she incurred $950 in transaction fees.Therefore, Lisa received $26,250 in cash. Lisa had acquired thecryptocurrency in September 2018 for $9,200 Australian dollars. SharesLisa sold shares she held in a construction company in March 2020 for$182,000. She had purchased the shares for $37,200 in December 1986.Lisa has indicated that she has carried forward losses from prior years of$180,000 relating to a prior disposal of shares and land. A.1 Determine the taxable capital gain (loss) on the sale of theCryptocurrency. Briefly justify your answer/show all workings A.2 Determine the capital gain on the sale of the Shares. Briefly justify youranswer/show all workings.
Subject:- accounting
In October 2018, Ben and Jerry exchange investment realty in a § 1031 like-kind exchange. Ben bought his real estate in 2007 while Jerry purchased his in 2010. In addition to the realty, Ben receives Pearl, Inc. stock worth $10,000 from Jerry. Ben’s realized gain is $30,000. On what date does the holding period for Ben’s realty received from Jerry begin? When does the holding period for the stock he receives begin? 2007, 2018. 2007, 2007. 2010, 2010. 2010, 2018. None of the above.
In December 2017, an American investor buys 1,000 shares in a Mexican company at a price of 500 pesos each. The share does not pay any dividend. A year later she sells the shares for 550 pesos each. Assume the exchange rate when she buys the stock is 13.6733. Suppose that the exchange rate at the time of sale is 13.9768 pesos = $1, answer the following requirements. a. How many dollars does she invest? (Do not round intermediate calculations. Round your answer to 2 decimal places.) b-1. What is her total return in pesos? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.) b-2. What is her total return in dollars? (Do not round intermediate calculations. Enter your answer as a percent rounded to 2 decimal places.)