Shares of mutual fund, Anna bought 200 shares of a mutual

Shares of mutual fund

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Reference no: EM131920026

Anna bought 200 shares of a mutual fund (CPR) in 2008 when the market was down. The NAV when she bought the shares was $22.60. She then bought 100 shares when the NAV was $22.90. She wants to sell all 300 shares. The shares are now selling for $26.50. Assuming an average tax rate of 20% and a marginal tax rate of 29%, how much will she owe in taxes?

Reference no: EM131920026

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Shares of mutual fund : Anna bought 200 shares of a mutual fund (CPR) in 2008 when the market was down. how much will she owe in taxes?

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