Tax forms to the federal government

Reference no: EM13139476

Mary bought 100 share of Ford Motor Company stock in 2008 at $40 per share. It is now values in 2010 at $50 per share. How much tax liability will Mary have when she submits her 2010 tax forms to the federal government?

A. The applicable tax rate on the $5,000 value of the stock.

B. She would only be taxed on the $4,000 value of the original stock purchase.

C. No tax liability would exist if Mary didn't sell the stock and Ford hadn't given dividends to its stockholder.

D. The applicable tax rate on $1,000 of capital gains because the stock is worth more now.

Reference no: EM13139476

Questions Cloud

Banking and monetary policy : Primary purpose of the legal reserve requirement is to provide a means by which the monetary authorities can influence the lending ability of commercial banks - Exam: 050475RR - MONEY, BANKING AND MONETARY POLICY

Define energy of a moving charge : Energy of a moving charge, A region in space has an Electric field given by E = x(x^) - y(y^) + xy(z^) where (x^), (y^), (z^) indicate corresponding letter with caret on top of it.

What is the mass of the second isotope : The atomic weight of a newly discovered el- ement is 98.225 amu. It has two naturally occuring isotopes. One isotope has a mass of 96.780 amu. The second isotope has a per- cent abundance of 41.7%. What is the mass of the second isotope?

Effects of forfeitures and income taxes should be ignored : Over how many years should Sooner or Later recognize compensation cost associated with the stock options, and how much, if any, should be recognized in each of those years? The effects of forfeitures and income taxes should be ignored.

Tax forms to the federal government : Mary bought 100 share of Ford Motor Company stock in 2008 at $40 per share. It is now values in 2010 at $50 per share. How much tax liability will Mary have when she submits her 2010 tax forms to the federal government?

Confidence interval for true mean amount that citizens spend : Do you support Bob's claim that citizens in his area spend more than $75 per year? Explain why or why not. Find a 95% confidence interval for the true mean amount that citizens spend per year.

How much heat could theoretically be produced by a person : Humans oxidize glucose in the presence of oxygen. For each mole of glucose oxidized, about 688 kcal of energy is release. This is true whether the mole of glucose is oxidized in human cells or burned in the air.

Determining monotheistic religions : I'm writing a paper about the contemporary issues facing the Western religious traditions of Christianity, Judaism & Islam. I need help with the historical connections and theological similarities of all three with each other and the contemporary ..

What is the mass (in kg) of that piece of galena : A piece of galena has a volume of 5.4 cm3. If the density of galena is 7.5 g/cm3, what is the mass (in kg) of that piece of galena?

User Account

All Pages