User Account

All Pages

Find investment transactions reportable

Assignment Help Finance Basics
Reference no: EM132815967

Xia requested and received a letter from Jasmine, his personal financial advisor, outlining his 2016 investment transactions, this in readiness for preparing his 2016 tax return. In her letter Jasmine reminded Xia of the following transactions:

-Quarterly purchases of a previously unowned no-load mutual fund, XYZ international equity fund, of $2,500 each quarter, the unit prices being: March 15th $10.12/unit, June 15th $11.17/unit, September 15th $10.75/unit, and December 15th $8.19/unit.

-Sale of $6,000 of XYZ on December 30th at $11.95/unit

-On September 30th Xia received a mutual fund income distribution from his non-registered holding of TLC China Growth Fund of $1,896 consisting of $432 foreign dividends and $1,464 of capital gains. Assuming these are the only investment transactions reportable by Xia on his 2016 tax return, how much will he report as taxable capital gains?

  • $676.13
  • $1,243.13
  • $1,352.26
  • $2,486.26

Reference no: EM132815967

Questions Cloud

What step is involved in developing a prototype : What step is involved in developing a prototype? Assume that $15,000 of raw materials were issued. What is the journal entry?
Medication administration clinical reflection : Caught a medication error while comparing doctor's order with MAR (Medical administration record). Doctor prescribed 500 mg.
Develop a sustainability policy for the organisation : Procedures to help implement the sustainability process with the goal to create an Internal Digital Marketing Campaign for the organisation
What is the obstacle to reengineering efforts : What is the obstacle to reengineering efforts? What is business process reengineering (BPR)? It hiring an outside company to handle all or part of organization.
Find investment transactions reportable : Xia requested and received a letter from Jasmine, his personal financial advisor, outlining his 2016 investment transactions, this in readiness
Discuss importance of practicing culturally competent care : For each of the 2 cultures, identify the following (MUST include all criteria in all areas for each of the 2 cultures): Spiritual/Religious beliefs.
What was the average cost per unit for direct materials : Assume Martin Company produced the equivalent of 500 units during this particular month. What was the average cost per unit for direct materials
What is the foreign exchange gain of washington company : What is the foreign exchange gain or loss of Washington Company for 2020? Washington Company, a local company, bought raw materials as ingredients
Compare cultural competence and cultural sensitivity : Compare and contrast cultural competence and cultural sensitivity used in health care settings by professional staff. Provide one specific example each.

Reviews

Write a Review

Finance Basics Questions & Answers

  Month money market instrument

You plan to invest $250,000 today (October 3) in a one month money market instrument. Had you done this last month (September 3), you would

  The goodwill asset

Question 1.Which of the following items would be included in the Goodwill asset?patents, trademarks, customers lists, synergies & brand names Question2.Corporation S sold investment land to Corporation P for $100,000 cash. Corporation S's

  How do you interpret the net borrowing rate for this firm

The result will be net financial obligations that are negative. Assume that operating ROA is positive and large. How will this affect the decomposition of ROCE = Operating ROA + (Leverage × Spread)? How do you interpret the net borrowing rate for thi..

  Estimate for the risk premium for the market portfolio

Additionally, your estimate for the risk premium for the market portfolio is 5.00 percent and the risk-free rate is currently 4.50 percent.

  Chase and janet fisher

Chase Fisher (age 54) is a small business owner. He and his wife, Janet, (age 53) have the following assets:

  Gold standard vs bretton woods

Countries around the world historically used the Gold standardBretton Woods Systemclean floatdirty float (1890-1914), which, however, was changed to

  What is the bond nominal coupon interest rate

O'Brien Ltd.'s outstanding bonds have a $1,000 par value, and they mature in 20 years. Their nominal yield to maturity is 8.25%, they pay interest semiannually

  Yield on perpetual debt

Firm is considering switching to 40% debt capital structure, and gad determined that they would pay a 10% yield on perpetual debt

  Based on the five forces model

Based on the Five Forces Model, please answer these discussion questions based on the following scenario:

  What is the effective annual rate of return on an investment

What is the effective annual rate of return on an investment which pays 12 percent compounded monthly? Compounded quarterly?

  What is the definition of a syndicate

What is the definition of a syndicate?

  How would you describe a ratio analysis

How would you describe a ratio analysis? Is each of its components necessary? Which of the figures would you identify as being more beneficial for the general manager of a major hotel? Why are these figures so important?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd