14 At the beginning of the year, Lucca purchases 2,000 units of the Apex Growth Segregated...

 

Transcribed Image Text:

14 At the beginning of the year, Lucca purchases 2,000 units of the Apex Growth Segregated Fund at a net asset value per unit (NAVPU) of $14. At the end of the year, the NAVPU has increased to $17 and Lucca receives a tax slip indicating an allocation of a $500 capital gain. Lucca is in a 32% marginal tax rate. Based on this information, which of the following statements is CORRECT? Ca) Cb) Cc) Od) Lucca must pay $160 in tax due to his capital gain allocation. Lucca's adjusted cost base (ACB) is now 28,500. If Lucca sells his segregated fund now, he will receive $33,500. To date, Lucca's rate of return is 17.65%. Viow Summan Close Novt 14 At the beginning of the year, Lucca purchases 2,000 units of the Apex Growth Segregated Fund at a net asset value per unit (NAVPU) of $14. At the end of the year, the NAVPU has increased to $17 and Lucca receives a tax slip indicating an allocation of a $500 capital gain. Lucca is in a 32% marginal tax rate. Based on this information, which of the following statements is CORRECT? Ca) Cb) Cc) Od) Lucca must pay $160 in tax due to his capital gain allocation. Lucca's adjusted cost base (ACB) is now 28,500. If Lucca sells his segregated fund now, he will receive $33,500. To date, Lucca's rate of return is 17.65%. Viow Summan Close Novt