User Account

All Pages

What is his capital gain or loss

Assignment Help Accounting Basics
Reference no: EM132145328

Question - Tony is in the 32 percent tax rate bracket and has purchased the following shares of Microsoft common stock over the years:

date purchased/shares/basis

07-10-2008/620/$32,240

04-20-2009/520/$30,056

01-29-2010/720/$32,832

11-02-2012/470/$24,064

If Tony sells 1,460 shares of Microsoft for $105,120 on December 20, 2018, what is his capital gain or loss in each of the following assumptions?

A: He uses FIFO method.

b. He uses the specific identification method and he wants to minimize his current year capital gain.

Reference no: EM132145328

Questions Cloud

Write a program to ask the user to either : Write a program to ask the user to either elect 1 to print the digits in an integer reversely Select 2 to print the characters in a string reversely
What will be your monthly payment : Assume you graduate from college with $30000 in student loans. What will be your monthly payment if rounded to the nearest cent
Implementation and maintenance process of it governances : What outside resources are available to assist technology managers in the implementation and maintenance process of IT governances? Outline two resources.
Discuss which of the steps buyer decision process : Consumer Behavior Compare and contrast your own buyer decision behavior for two products - one that is high involvement, the other that is low involvement.
What is his capital gain or loss : If Tony sells 1,460 shares of Microsoft for $105,120 on December 20, 2018, what is his capital gain or loss in each of the following assumptions
What is the present value of an annuity : What is the present value of an annuity that pays $ 115 every three months for six years if rounded to the nearest cent
How are retailers trying to handle the issue : (Advanced) What impact is the current labor market having on the retail industry? How are retailers trying to handle this issue?
Safety management plan for an organisation : Write and submit for assessment a Safety Management Plan for an organisation of your choice. There are many models that you can use to base Safety Management
How the report should be presented and to whom : The final assignment is a paper that describes each of the steps necessary to conduct marketing research based on a specific marketing research problem.

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.

  Theory of interest - term structure of interest rates

Term Structure of Interest Rates

  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!

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