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Capital gains tax

Assignment Help Taxation
Reference no: EM13528127

Assume that you completed the following transactions(disregard commissions)--
1. Purchased ABC- 1000 shares @$20/share
2. Purchased XYZ- 500 shares @$30/ share
3. Purchased DE- 2000 shares @$5/ share
4. Purchased JK- 4000 shares @$10/ share
later, During 2014, you sold these shares at the following price (disregard commissions)-
1. Purchased ABC- 1000 shares @$22/share
2. Purchased XYZ- 500 shares @$31/ share
3. Purchased DE- 2000 shares @$7/ share
4. Purchased JK- 4000 shares @ $8.5/ share
Assume a 20% capital gains tax, how much capital gains would you pay in 2014?

Reference no: EM13528127

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