Question

Tom buys $20,000 worth of stock, and sells it eight months later for $28,000. If he is required to pay 15% capital gains tax on his profits, how much tax will he pay?

Answer 1

Can you help writing the initial equation?

Answer 2

oh-I really need the beginning equation in algebraic format to show my work. I'm just not sure how to write it down.

Answer 3

i don't know how you would put that in algebraic format other than 28000+15%

Answer 4

ok, that helps, you are an angel for helping me! I am now a fan! Thanks from a grandma that's back in school. :)

Answer 5

aw! you're welcome! :)