Homework Answers
Profit on each share = 60 - 30 = 30
Total shares = 100
Thus total capital gain = 100*30 = 3000
Capital gain tax = 28%
Thus, tax liability = 28 * 3000 / 100 = 840
However this is true if tax rate is given adjusting inflation.
So to calculate effective tax rate and the tax liability, we need information about inflation rate as well.
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