Ms. Prince wants to create a scholarship in honor of her parents at the law...
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Accounting
Ms. Prince wants to create a scholarship in honor of her parents at the law school from which she received her degree. She could endow the scholarship with $697,500 cash or with $697,500 worth of marketable securities with a cost basis of $418,500. Assume the taxable year is 2022 . Required: If her AGl is $3.8 million, compute the after-tax cost of the two endowment options. Use Individual Tax Rate Schedules and for capital gains and qualified dividends. Note: Enter your answers in dollars not in millions of dollars. Answer is complete but not entirely correct
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