You purchased GE stock 2 years ago at $76.67 per share just sold them for $88.06 per share. During that time you collected 7 dividends of $3. How much capital gains tax do you owe on this trade per share if you are in the 24% personal income tax bracket and 15% long term capital gain tax bracket? Please give your answer in dollar terms rounded to two decimal places.
You purchased GE stock 2 years ago at $76.67 per share just sold them for $88.06 per share. During that time you collected 7 dividends of $3. How much capital gains tax do you owe on this trade per share if you are in the 24% personal income tax bracket and 15% long term capital gain tax bracket? Please give your answer in dollar terms rounded to two decimal places.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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Aa 126.
Transcribed Image Text:You purchased GE stock 2 years ago at $76.67 per share just sold
them for $88.06 per share. During that time you collected 7
dividends of $3. How much capital gains tax do you owe on this
trade per share if you are in the 24% personal income tax bracket
and 15% long term capital gain tax bracket? Please give your
answer in dollar terms rounded to two decimal places.
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