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You invested in Microsoft on 1/1/2016 and purchased 200 shares for $50 (Not actual price).a year later of 1/1/2017 you needed money for college and sold it for $55/share. You did earn $0.55 per share in dividends which were paid quarterly. You are in the 33% tax bracket. How much did you earn, both in total and percentage, and what is your tax liability?

Reference no: EM131770815

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