Calculate the income taxes payable

Reference no: EM133558055

You bought 300 Royal Bank common shares at $95.40 and sell them at $97.20. Your federal marginal tax rate was 26% and average tax rate was 20%. Calculate the income taxes payable.

Reference no: EM133558055

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Calculate the income taxes payable : You bought 300 Royal Bank common shares at $95.40 and sell them at $97.20. Your federal marginal tax rate was 26% and average tax rate was 20%.

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