How much will pay in income taxes on the transaction

Assignment Help Accounting Basics
Reference no: EM131624555

Question: On January 1, 2015, an investor bought 200 shares of Al-Masry Steel at E£25 (Egyptian pound) per share. On January 3, 2016, the investor sold the stock for E£30 per share. The stock paid quarterly dividend of E£2 per share. How much (in E£) did the investor earn on this investment and, assuming the investor will pay a tax of 25%, how much will she pay in income taxes on this transaction?

Reference no: EM131624555

Questions Cloud

What is the current share price : The forecast for the share price a year from now is $36.00. If the required rate of return is 19.0 percent, what is the current share price?
Variables influence the firm sustainable growth rate : Explain how each of the variables influence the firm's sustainable growth rate.
Expected to grow in the near future : The current share price of Largent Ltd is $45.26. If the required rate of return is 18 percent, what is the dividend paid by this company
Determine the recoverable amount of the land : On 1 July 2016 Big Wednesday Ltd acquired land at a cost of $1,000,000. Determine the recoverable amount of the land for each reporting date
How much will pay in income taxes on the transaction : On January 1, 2015, an investor bought 200 shares of Al-Masry Steel at E£25 (Egyptian pound) per share. On January 3, 2016, the investor sold the stock for E£30
Define ethics in preventing unethical conduct : The Sarbanes-Oxley Act of 2002 suggests that businesses develop a code of ethics. How effective is a code of ethics in preventing unethical conduct
Required rate of return on shares : Gamma Ltd is not expecting to pay dividends for four years, at the end of year five a dividend of $2.60 is planned and dividends are expected to grow
What is the amount of the lump sum : The appropriate opportunity cost of funds is j2 = 9.36 %pa what is the amount of the lump sum needed today to purchase this pension?
Explain anglo-american law system : Compare the following legal systems: Romano-Germanic Civil Law System, the Anglo-American Law System and the Islamic Law System

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

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