How much tax will he pay on the sale of investments

Assignment Help Finance Basics
Reference no: EM133074922

-Two years ago, Sanjay purchased 2,500 units in a Canadian start-up company called Here We Go Inc. for $15,000. On October 22, 2021, he sold 1,250 shares when they hit $18.50/share and incurred a large gain. He also incurred a capital loss of $7,500 on some mutual funds that he sold earlier in the year in May 2021. His tax rate in 2021 is expected to be 43%, how much tax will he pay on the sale of these investments?

Reference no: EM133074922

Questions Cloud

Discuss why fuel prices fluctuate : Discuss why fuel prices fluctuate. Research two of these types further.
Construct a better investment portfolio : Assume the CAPM holds. Can you help James construct a better investment portfolio? Explain carefully with supporting calculations.
Estimate the dividend growth rate : Macon Inc. paid $3.00 of dividend today; $1.50 one year ago; $3.25 two years ago; $4.50 three years ago; $4.30 four years ago; and $5.00 five years ago.
Describe four categories of quality costs : Describe the four categories of quality costs and provide examples of each form of quality cost that you have observed either in your own workplace
How much tax will he pay on the sale of investments : -Two years ago, Sanjay purchased 2,500 units in a Canadian start-up company called Here We Go Inc. for $15,000. On October 22, 2021, he sold 1,250 shares when t
What is the annual payment : 1. What is the annual payment that must be made if you would like to save $50,000 at the end of year 6? Assume that you are making these payments at the beginni
Estimate the effective cost of issuing the commercial paper : The company is expected to incur flotation cost of RM7,000. Estimate the effective cost of issuing the commercial paper
Average annual growth rate of dividends : A firm's dividends have grown over the last several years. 3 years ago the firm paid a dividend of $1.38. Yesterday it paid a dividend of $4.83.
How exchange rate risk could be hedged : In Unit 3, we described how exchange rate risk could be hedged using forward contracts. In pegged or limited-flexibility exchange rate systems, countries imposi

Reviews

Write a Review

Finance Basics Questions & Answers

  What is the expected return on a portfolio comprised

What is the expected return on a portfolio comprised of $4,000 in stock M and $6,000 in stock N if the economy enjoys a boom period?

  What is profit at expiration

You then also hedge the position by selling the futures contract at $53. What is your profit at expiration if the stock price goes to $49?

  If danny were to pass away this year would donna be

donna age 49 amp danny age 52 sommer have been married for 25 years and have one adult child sam who is living on his

  How would you hedge the account receivable

How would you hedge the account receivable (A/R) using the Forward Market, Money Market and the Options market? Calculate the U.S. dollar equivalent of the hedged amount of the account receivable, for each method write out the steps and amounts..

  Fx forcasting using purchasing power parity

The expected inflation rate now until the end of 2015 is 2.5% in the US, and 12% in Argentina, respectively.  The current spot exchange rate between Argentina peso (AP) and the US dollar is AP8.2/$.

  Calculate valuation for the estate total holdings of stock

Additionally, the total return on the stock is evenly divided between capital gains yield and a dividend yield. If the company's policy is to always maintain a constant growth rate in its dividend, what is the current dividend per share?

  What is david new monthly payment

Five years ago, David borrowed $300,000 to purchase a house in Sandy Lake. At the time, the quoted rate on the mortgage was 8 percent

  Before-tax or an after-tax basis

Should the component costs of a company be figured on a before-tax or an after-tax basis? Why?

  Considering an investment

You are considering an investment in a 40-year security. The security will pay $25 a year at the end of each of the first three years.

  How many shares of stock will you own

At what price would you expect the stock to sell on April 2, all other things the same (no signaling effect)? What will be the total value of your holdings before and after the stock dividend, all other things the same?

  Cumulative probability of final node

A non-dividend paying stock, currently priced at 250, is expected to go up by 30% or go down by 20% over a period. The risk free rate for one period

  Interest rates and returns on assets

The yield on Treasury bonds has increased because the government wants to borrow more from the public. The demand for money will

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!

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