Tucker sells a stock for $7,500. The price at the time of purchase was $4,800. He paid a commission to his broker of $275. How much is Tucker's amount realized? Need answer

CONCEPTS IN FED.TAX.,2020-W/ACCESS
20th Edition
ISBN:9780357110362
Author:Murphy
Publisher:Murphy
Chapter2: Income Tax Concepts
Section: Chapter Questions
Problem 63IIP
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Tucker sells a stock for $7,500. The price at the time of purchase was $4,800. He paid a commission to his broker of $275. How much is Tucker's amount realized? Need answer

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