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AlekseyPX
3 years ago
10

Maria purchased 100 shares of JAX stock for $30 per share and sold this same stock one year later for $29 per share. She paid co

mmissions of $50 when she purchased the stock and $45 when she sold the stock. Dividends of $2 per share were paid during the year. The capital loss on this stock transaction was
Business
1 answer:
mihalych1998 [28]3 years ago
4 0

Answer:

capital loss = ($195)

Explanation:

Maria's total investment = (100 x $30) + $50 = $3,050

Maria's return from selling the stocks = (100 x $29) - $45 = $2,855

capital loss = $2,855 - $3,050 = -$195

The revenue generated by the dividends is taxed as ordinary income (at a higher rate) and must be considered ordinary gains, not capital gains.

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