Anna bought 100 shares of Red Rocks Corp.'s stock at $50 per share on February 1, 2020
Fantastic news! We've Found the answer you've been seeking!
Question:
Anna bought 100 shares of Red Rocks Corp.'s stock at $50 per share on February 1, 2020 and sold them for $70 on February 5, 2021.
Red Rocks Corp. has not paid any dividends until 2021. The first dividend was announced on 12/7/2020.
The dividend payment schedule is listed in the table below:
Anna's ordinary income tax rate is 28%. The capital gain and dividend are taxed at the same rate of 15%.
Q) How much total return in dollar amount would Anna receive from the transaction?
Related Book For
Federal Taxation 2016 Comprehensive
ISBN: 9780134104379
29th Edition
Authors: Thomas R. Pope, Timothy J. Rupert, Kenneth E. Anderson
Posted Date: