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koban
12 days ago
8

Clarissa's income puts her in the bottom tax bracket (10%) last year. During the same year, she earned $250 in dividends and $75

in coupons on a government bond. In February, she purchased a common stock for $425. She sold the same stock eight months later for $600. What is the total Clarissa will pay in taxes on last year's investments?
Mathematics
1 answer:
Leona [12.1K]12 days ago
8 0

Answer:

75 dollars in coupons.

250 dollars in dividends.

She achieved a profit of 600 - 425 = 175 from her stock investment.

Her complete income sums up to 250 + 75 + 175 = 500.

If all this is taxed at 10%, her tax will be 500 *.1 = 50.

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