For this question only, assume the investor’s only goal is to reduce their tax liability in 2018. The investor should have waited until January 2nd, 2019, to sell the first 50 shares of stock, even if the investor’s tax bracket was 10% lower. Evaluate the words in underlined italics. True or False?
True
False
For this question only, assume the investor’s only goal is to reduce their tax liability in...
12. Your 2019 federal tax refund (liability) would be closest to: a. ($456) b. ($245) c. ($244) d. ($1) e. $318 Use the following information from questions 6-12. In both 2018 and 2019 you expect to receive a W2 for $200,000; $65,000 will be already withheld on your W2 for federal income taxes and your income tax bracket is 32%. The short term capital gains on investments (<1 year) are taxed like income, long term capital gains on investments (>=1...
Your 2019 federal tax refund (liability) would be closest to: a. ($456) b. ($245) c. ($244) d. ($1) e. $318 Use the following information from questions 6-12. In both 2018 and 2019 you expect to receive a W2 for $200,000; $65,000 will be already withheld on your W2 for federal income taxes and your income tax bracket is 32%. The short term capital gains on investments (<1 year) are taxed like income, long term capital gains on investments (>=1 year)...
9. For this question only, assume you sold all of your stock on July 1st, 2018. What was your total return on the investment? (8%) (4%) (2%) 0% 4% Use the following information from questions 6-12. In both 2018 and 2019 you expect to receive a W2 for $200,000; $65,000 will be already withheld on your W2 for federal income taxes and your income tax bracket is 32%. The short term capital gains on investments (<1 year) are taxed like...
11. Your 2018 federal gross income (W2 wages, capital gains, and dividends) would be closest to: a. $203,736 b. $203,825 c. $203,936 d. $203,950 e. $207,450 Use the following information from questions 6-12. In both 2018 and 2019 you expect to receive a W2 for $200,000; $65,000 will be already withheld on your W2 for federal income taxes and your income tax bracket is 32%. The short term capital gains on investments (<1 year) are taxed like income, long term...
After the sale of the stock on December 2nd, 2018, your cost basis per share is closest to: a. $27.50 b. $28.16 c. $29.29 d. $50.83 e. $52.50 Use the following information from questions 6-12. In both 2018 and 2019 you expect to receive a W2 for $200,000; $65,000 will be already withheld on your W2 for federal income taxes and your income tax bracket is 32%. The short term capital gains on investments (<1 year) are taxed like income,...
After the sale of the stock on December 2nd, 2018, your cost basis per share is closest to: a. $27.50 b. $28.16 c. $29.29 d. $50.83 e. $52.50 Use the following information from questions 6-12. In both 2018 and 2019 you expect to receive a W2 for $200,000; $65,000 will be already withheld on your W2 for federal income taxes and your income tax bracket is 32%. The short term capital gains on investments (<1 year) are taxed like income,...
After the sale of the stock on December 2nd, 2018, your cost basis per share is closest to: a. $27.50 b. $28.16 c. $29.29 d. $50.83 e. $52.50 Use the following information from questions 6-12. In both 2018 and 2019 you expect to receive a W2 for $200,000; $65,000 will be already withheld on your W2 for federal income taxes and your income tax bracket is 32%. The short term capital gains on investments (<1 year) are taxed like income,...
7. There is a trading rule that goes: Buy the rumor, sell the news! Which of the following actions most likely violates this rule: The investor purchased shares on January 1st, 2018 The investor purchased shares on December 1st, 2018 The investor sold shares on December 2nd, 2018 This investor sold shares on January 1st, 2019 I II III I,IV I,II,III,IV Use the following information from questions 6-12. In both 2018 and 2019 you expect to receive a W2 for...
Use the following information from questions 6-12. In both 2018 and 2019 you expect to receive a W2 for $200,000; $65,000 will be already withheld on your W2 for federal income taxes and your income tax bracket is 32%. The short term capital gains on investments (<1 year) are taxed like income, long term capital gains on investments (> 1 year) are taxed at 15%, and dividends are taxed at 22%. Besides your W2 income, the only income you have...
Use the following information from questions 6-12. In both 2018 and 2019 you expect to receive a W2 for $200,000; $65,000 will be already withheld on your W2 for federal income taxes and your income tax bracket is 32%. The short term capital gains on investments (<1 year) are taxed like income, long term capital gains on investments (> 1 year) are taxed at 15%, and dividends are taxed at 22%. Besides your W2 income, the only income you have...