Sarah Chen bought 200 shares of Green Energy Corp (GEC) at $45 per share last year. The company paid dividends of $3 per share during this period. GEC's stock price is now $48.80. Calculate Sarah's gross and after-tax return if she sells her holdings today, assuming a 15% tax rate on both dividends and capital gains.
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- Kindly help me with accounting questionsPlease need help with this financial accounting questionHayley recently invested $31,000 in a public utility stock paying a 6 percent annual dividend. (Hayley’s marginal income tax rate is 32 percent.) Use Tax Rate Schedule, Dividends and Capital Gains Tax Rates for reference. Required: If Hayley reinvests the annual dividend she receives net of any taxes owed on the dividend, how much will her investment be worth in five years if the dividends paid are qualified dividends? What will her investment be worth in five years if the dividends are nonqualified?
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- Beth bought stock in Apple for $800. While she owned it, she received 20% of the purchase price in dividends. When she sold the stock, at the end of the year, she made a profit of $160. What percent of the cost was the total profit? Use % sign in your answer.Helen holds 1,000 shares of Fizbo Incorporated stock that she purchased 11 months ago. The stock has done very well and has appreciated $20/share since Helen bought the stock. When sold, the stock will be taxed at capital gains rates (the long-term rate is 15 percent and the short-term rate is the taxpayer's marginal tax rate). Ignore the time value of money. a. If Helen's marginal tax rate is 35 percent, how much would she save by holding the stock an additional month before selling? Tax savings b. What might prevent Helen from waiting to sell? Helen bears if she holds the stock for an additional month. The stock price could substantially if there is market volatility or if the company encounters financial difficulties. In addition, Helen may be selling the stock for which she may be unwilling to wait.Roxi owns 500 shares of common stock in the Big Wheeler Corporation. She is pleased to learn that the company earned a very nice profit over the most recent operating period. The company has announced that it will pay each shareholder a dividend of $1 per share out of its after-tax profits. Because Big Wheeler has already paid corporate taxes on this profit, this dividend payout will represent tax-free income for Roxi and this is also called what O Yes taxes have already been paid and its called single payout O No, she still owes taxes and it's called double taxation O No, she still owes taxes and it's called Capital gains tax O Yes, it's tax free and called double exemption
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