Determine the payment of income tax


Response to the following problem:

On 1 January 2010, an investor bought 200 shares of Gottahavit Pty Ltd, for $50 per share. On 3 January 2011, the investor sold the shares for $55 per share. The share paid a quarterly dividend of $0.25 per share.

How much (in $) did the investor earn on this investment, and, assuming the investor is in the 33% tax bracket, how much will she pay in income taxes on this transaction?

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Taxation: Determine the payment of income tax
Reference No:- TGS02121635

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