Logo
Home Study Material Contact Search
AI Chat FREE
  1. business
  2. finance
  3. question 1 4.55 points a year ago, frankie figgs b

QUESTION 1 4.55 points A year ago, Frankie Figgs bought 10,000 shares of ABC Corporation's...

50.1K

Verified Solution

Question

Finance

image
QUESTION 1 4.55 points A year ago, Frankie Figgs bought 10,000 shares of ABC Corporation's stock for $35 per share. The firm recently paid a dividend of $0.20 per share and, in addition, the firm recently announced a stock repurchase program. After receiving the dividends on his 10,000 shares, Mr. Figgs sold 50 shares back to the company for $40 per share. Mr. Figgs is subject to a 15% personal tax rate on both dividends and capital gains. How much in personal taxes will Mr. Figgs pay on the dividends he received? How much in personal taxes will Mr. Figgs pay on the capital gain he realized from selling shares back to the company? Dividend Tax_$300; Capital Gains Tax = $300 Dividend Tax = $100; Capital Gains Tax - $75.50 Dividend Tax - $300; Capital Gains Tax = $37.50 O Dividend Tax = $100; Capital Gains Tax = $300 None of the other answer choices are correct

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students

Biology
1.2K views

TCA cycles, starting from two pyruvates to 6 CO2, generate 2 ATP, 8 NADH, and 2...

Biology
1.2K views

Woody stems increase in girth circumference due to the activity of adventitious roots O lateral...

Biology
1.2K views

Which passage below best reveals the cultural setting of A Piece of String A All...

Physics
1.2K views

A smooth block of mass 10 kg moves up from bottom to top of a...

Algebra
1.2K views

Solve the given system of equations If the system has no solution say that it...

Accounting
1.2K views

Sell at Split-Off or Process Further Bozo Inc. manufactures two products from a joint production...

Accounting
1.2K views

Beckley Corporation has provided the following data from its activity-based costing accounting system Indirect factory...

Accounting
1.2K views

According to the IRS: "An IRS Audit is a review of an organizations or individuals...

Accounting
1.2K views

A plant asset cost $336000 and is estimated to have a $40000 salvage value at...

Accounting
1.2K views

Which Regulations have the force and effect of law? a. Procedural Regulations b. Finalized Regulations...

Accounting
1.2K views

Corp. issued 4,000 shares of no-par common stock for $7 per shareThe charter for KWVNTV,...

Finance
1.2K views

Multiple Choice 10 percent, accept 10 percent, reject 13.26 percent, accept 13.26 percent, reject ...