Capital gains tax

Assignment Help Taxation
Reference no: EM13528127

Assume that you completed the following transactions(disregard commissions)--
1. Purchased ABC- 1000 shares @$20/share
2. Purchased XYZ- 500 shares @$30/ share
3. Purchased DE- 2000 shares @$5/ share
4. Purchased JK- 4000 shares @$10/ share
later, During 2014, you sold these shares at the following price (disregard commissions)-
1. Purchased ABC- 1000 shares @$22/share
2. Purchased XYZ- 500 shares @$31/ share
3. Purchased DE- 2000 shares @$7/ share
4. Purchased JK- 4000 shares @ $8.5/ share
Assume a 20% capital gains tax, how much capital gains would you pay in 2014?

Reference no: EM13528127

Questions Cloud

The interest is paid annually : What will the price of this bond be if the interest is paid annually?
Explain how many moles of water can be produced : How many moles of water can be produced from 14 moles of carbon dioxide. How many moles of CH4 will be produced along with 6 moles of water
Freckles and are heterozygous for the trait : Imagine a mother and father who both have freckles and are heterozygous for the trait, or Ff. They are the P generation, or parent generation. Can you create a Punnett square to show their offspring, the F1 generation?
Find what is the planet-star separation : You discover a new extra-solar planet orbiting a 1 solar mass star using high spatial resolution imaging and adaptive optics in the infrared part of the spectrum. What is the planet-star separation if you measure an angular separation of 0.6"
Capital gains tax : Capital gains tax, how much capital gains would you pay in 2014
Find the speed of the ball when the goalie catches it : A soccer player kicks the ball toward a goal that is 29.0m in front of him. Find the speed of the ball when the goalie catches it in front of the net
Explain carbonates react with acids to form a salt : Carbonates react with acids to form a salt, water and carbon dioxide gas. When 22.2 g of calcium carbonate are reacted with sufficient hydrochloric acid, how many grams of calcium chloride will be produced
Reduced nucleotides such as NADH and NADPH : Reduced nucleotides such as NADH and NADPH are produced by all of the following metabolic pathways EXCEPT
Explain iron metal formed during the reduction of iron oxide : Iron metal is formed during the reduction of iron(III) oxide: Fe2O3 + 3CO 2Fe + 3CO2. When 28.4 kg of Fe2O3 react with 17.0 kg of CO and 4.2 kg of Fe are recovered, what is the percent yield for the reaction

Reviews

Write a Review

Taxation Questions & Answers

  Questionbarb age 55 is divorced and lives with her 16-year

questionbarb age 55 is divorced and lives with her 16-year daughter katie. barb worked as a therapist and earned 45000

  Find transactions of dever corporation for the year ending

The events and transactions of Dever Corporation for the year ending December 31, 2012, resulted in the following data.

  Compute the company after-tax cost

Which of the three methods computed in part a is most common for financial reporting purposes? Explain.

  Question on canadian tax

The following information has been provided to you by your client, Mr. Elf. The information, unless otherwise stated, relates to Elf Inc.'s December 31, 2011 year-end.

  How do changes in volume affect the break-even point

Whitmore Corporation predicts it will produce and sell 40,000 units of its sole product in the current year. At that level of volume, it projects a sales price of $30 per unit, a contribution margin ratio of 40 percent, and fixed costs of $5 per u..

  Effective funding strategies in areas

What are highest priorities to think when acquiring another company, business, or other organization?

  An estate must file a federal income tax return

An estate must file a federal income tax return

  Calculate the income tax expense

Write a memo to Mr. White that gives him the Income Tax Expense, the Income Tax Payable, and the difference between those two values. Also, name that difference and explain whether its attributes are the same as any other asset/(liability)?

  How as a tax analyst you see this program

In addition, you should discuss the 401k limits and special treatment for highly compensated employees. Prepare a response (750-1,000) words documenting how, as a tax analyst, you see this program, and note any tax implications related to the prog..

  Quarter-end cumulative taxable income

Quarter-End Cumulative Taxable Income

  Edward worked at three jobs during 2011 he earned 40000

edward worked at three jobs during 2011. he earned 40000 37000 and 9000 respectively from the jobs and claimed three

  Q1when the united states tax reform act tra of 1986 was

q1.when the united states tax reform act tra of 1986 was enacted the normal corporate tax rate in the united states

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd