Question

Abram’s total fees for the year if he trades with Stocks & More are $116.85. His final return for the year after deducting all fees, but before he pays taxes on his gain, is $2,133.15.
Abram’s total fees for the year if he trades with Trading Station are $141. His final return for the year after deducting all fees, but before he pays taxes on his gain, is $2,109.

Explanation:

Stocks & More
Adam’s broker fees would be 3 × $4.95 = $14.85.

The total fees for the year would be $14.85 + $50 + $12 + $40 = $116.85.

Find the selling value of Abram’s investment: $75 × 30 = $2,250.

His final return before taxes would be $2,250 − $116.85 = $2,133.15.

Trading Station
Abram’s broker fees would be 3 × $4 = $12.

The total fees for the year would be $12 + $75 + $24 + $30 = $141.

His final return before taxes would be $2,250 − $141 = $2,109.

Answer 1

The correct answer are: Stocks & More makes the most from transaction fees. Trading Station makes the most from other fees.

What are the fees about?

In terms of Stocks & More,

Transaction fees = 3 × $4.95 = $14.85

Other fees = $50 + $12 + $40 = $102

In terms of Trading Station,

Transaction fees = 3 × 4 = $12

Other fees = $75 + $24 + $30 = $129

Looking at the data above, we will see that in stocks and more, they have more money in terms of transaction fees when compared to the Trading station with the made lower amount under the same unit.

In terms of other fees, Trading stations make more when compared to stocks and more.

The correct answer are:

Stocks & More makes the most from transaction fees.

Trading Station makes the most from other fees.

Learn more about transaction fees from

brainly.com/question/18884990

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