Suppose you love Costco and you choose to buy their stock. You purchase 50 shares of...
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Suppose you love Costco and you choose to buy their stock. You purchase 50 shares of Costco stock on May 2023 for $490/share. Assume that your Marginal Tax Rate is 24%. B. Ignore part A, and instead assume that you sell the 50 shares for $550/share on September 30 2024 (a year later). Over the course of your owning the asset you received qualified dividends equal to $15/share. What would be the total amount that you would owe in taxes (please round to the nearest whole dollar, ex. 1,256.70 would be 1,257)? Suppose you love Costco and you choose to buy their stock. You purchase 50 shares of Costco stock on May 2023 for $490/share. Assume that your Marginal Tax Rate is 24%. B. Ignore part A, and instead assume that you sell the 50 shares for $550/share on September 30 2024 (a year later). Over the course of your owning the asset you received qualified dividends equal to $15/share. What would be the total amount that you would owe in taxes (please round to the nearest whole dollar, ex. 1,256.70 would be 1,257)?
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