Tax Consequences. Katie paid $9,200 for a Ginnie Mae bond with a par value of $10,000...

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Tax Consequences. Katie paid $9,200 for a Ginnie Mae bond with a par value of $10,000 and a coupon rate of 6.7%. Two years later, after having received the annual interest payments on the bond, Katie sold the bond for $9,484. What are her total tax consequences if she is in a 32% marginal tax bracket? Katie's total tax consequences are $ (Round to the nearest dollar.) Tax Consequences. Katie paid $9,200 for a Ginnie Mae bond with a par value of $10,000 and a coupon rate of 6.7%. Two years later, after having received the annual interest payments on the bond, Katie sold the bond for $9,484. What are her total tax consequences if she is in a 32% marginal tax bracket? Katie's total tax consequences are $ (Round to the nearest dollar.)

Answer rating: 100% (QA)

To calculate the capital gains tax based on the capital gains tax rate applicable i... View the full answer