What is maria capital gain that she will report

Assignment Help Finance Basics
Reference no: EM132040975

Maria had the following transactions this year:

Sold 100 shares of stock for $5,000; she purchased the shares 13 months ago for $3,000.

Sold some living room furniture for $600. Two years ago she purchased the furniture for $1,000.

Sold land which she inherited 5 years ago from her grandfather; her grandfather paid $500 for the land in 1950. At the time of her grandfather's death, the land was valued at $500,000. Maria sold the land for $600,500.

Sold some losing stock she purchased two years ago for $30,000; she sold the stock for $5,000.

What is Maria's capital gain that she will report on line 13 of her Form 1040?

A) $77,500

B) $577,000

C) $77,100

D) $577,500

Reference no: EM132040975

Questions Cloud

What is bart basis in the building at the time of the sale : What is Bart's basis in the building at the time of the sale?
Calculate the project internal rate of return : Calculate the project's internal rate of return. Calculate the project's net present value.
Identify and discuss the clinical problem : A PICOT starts with a designated patient population in a particular clinical area and identifies clinical problems or issues that arise from clinical care.
How much is the tax on this transaction before taking : How much is the tax on this transaction before taking into consideration the 3.8% Medicare tax?
What is maria capital gain that she will report : What is Maria's capital gain that she will report on line 13 of her Form 1040?
Current value of your home how much of home equity loan : Given the current value of your home how much of a home equity loan you take out if the bank requires 80% rule ( 20% equity in home) ?
Assess the critical pursuit of identity management : Assess the critical pursuit of identity management and its role in helping health care entities build strong, recognizable brands.
What is the holding period return over : What is the holding period return over the past year for Stock A given the following information.
What is the net present value of the more attractive choice : What is the net present value of the more attractive choice? Please round your answer to the nearest dollar.

Reviews

Write a Review

Finance Basics Questions & Answers

  Perform a swot analysis on the company internal factors

Panera Bread operates its cafes in most US states and Canada. Visit the company's website and also search for other resources and perform a SWOT analysis.

  Given the following information answer the following

given the following information answer the following questiontr 3qtc 1500 2qa. if the total cost equation were tc

  What is the best method to detect fraud

Explain the three major categories of occupational fraud and according to Mr. Wells, what is the best method to detect fraud? What types of companies are hit the hardest by occupational fraud?

  Relationship between required returns on debt and on equity

Deriving from the conclusion of Proposition I, what is the crux of M&M Proposition II? What is the natural relationship between the required returns on debt and on equity that results from Proposition II?

  Lfetime inc has sales of 585000 costs of 273 000

1. building an income statement. lifetime inc. has sales of 585000 costs of 273 000 depreciation expense of 71000

  Computing monthly mortgage payment

When June and Patrick Baker were "house hunting" 5-years ago, the mortgage rates were pretty high. The fixed rate on a thirty year mortgage was 8.75 percent while the fifteen year fixed rate was at 8 percent.

  What is the cost of common equity for whitewall

If Whitewall is expected to increase its annual dividend by 2 percent per year into the foreseeable future and the current price of Whitewall's common shares is $11.66, what is the cost of common equity for Whitewall?

  Balance sheet and income statement for king corporation

Required   Compute the following: a. Working capital  b. Current ratio   c. Acid-test ratio   d. Cash ratio

  Define an interest rate swap and briefly describe obligation

Several Investment Committee members for the pension fund you work for have asked about interest rate swap agreements and how they are used in the management.

  What is the present value of perpetual stream of cash flows

What is the present value of a perpetual stream of cash flows that pays $80,000 at the end of one year and grows at a rate of 7% indefinitely? The rate of interest used to discount the cash flows is 9%. What is the present value of the growing per..

  Show that the growth rate in an index futures price equals

show that the growth rate in an index futures price equals the excess return of the index over the risk-free rate.

  Dollars should be discounted using a nominal discount

Discuss the five general rules for incremental after-tax free cash flow calculations and why cash flows stated in nominal (real) dollars should be discounted using a nominal (real) discount rate.

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