What is John's basis in the 1 000 shares of Intel stock?
John's basis in the 1,000 shares of Intel stock is $30,750. This is the purchase price of $30,000 (i.e., $30 × 1,000) plus the $750 commission paid to the broker. John bought 1,000 shares of Intel stock on October 18, 2015, for $30 per share plus a $750 commission he paid to his broker.
What is John's adjusted basis in the stock market?
a. What is John's adjusted basis in the 1,000 shares of Intel stock? Adjusted basis 30,730 John's basis in the 1,000 shares of Intel stock is $30,750. This is the purchase price of $30,000 (i.e., $30 × 1,000) plus the $750 commission paid to the broker.
What amount does John realize when he sells the 1000 shares?
b. What amount does John realize when he sells the 1,000 shares? Sales realizations $41,500 On the sale, John realizes $41,500. This is the sales price of $42,500 (i.e., 1,000 × $42.50) minus the transaction fee of $1,000. John bought 1,000 shares of Intel stock on October 18, 2015, for $30 per share plus a $750 commission he paid to his broker.
How much interest income does John report on his bonds?
In the year the bond matures, he will again report $2,500 of interest income related to the semiannual interest payments received and an additional $5,000 of interest income related to the market discount on the bonds. John bought 1,000 shares of Intel stock on October 18, 2015, for $30 per share plus a $750 commission he paid to his broker.
How much did John buy Intel stock?
This is the purchase price of $30,000 (i.e., $30 × 1,000) plus the $750 commission paid to the broker. John bought 1,000 shares of Intel stock on October 18, 2015, for $30 per share plus a $750 commission he paid to his broker. On December 12, 2019, he sells the shares for $42.50 per share.
How much does Dana invest in a bond?
Dana intends to invest $30,000 in either a Treasury bond or a corporate bond. The Treasury bond yields 5 percent before tax and the corporate bond yields 6 percent before tax. a-1.
Does Seth have to report interest on EE bonds?
Seth will not report any interest income from the EE savings bonds currently unless he elects to have the increase in redemption value taxed currently.
How much did John buy Intel stock?
John bought 1,000 shares of Intel stock on October 18, 2014, for $30 per share plus a $750 commission he paid to his broker. On December 12, 2017, he sells the shares for $42.50 per share. He also incurs a $1,000 fee for this transaction.
What is the tax rate for dividends?
PLAY. Generally, interest income is taxed at ordinary rates and dividend income is taxed at capital gains rates. Qualified dividends received by individuals are taxed at either a 0 percent, a 15 percent, or a 20 percent preferential rate. Nice work!
What is interest income taxed at?
Generally, interest income is taxed at ordinary rates and dividend income is taxed at capital gains rates. T/F. T. Qualified dividends received by individuals are taxed at either a 0 percent, a 15 percent, or a 20 percent preferential rate. T/F.