Question

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?

Answer 1

@NaCl

Answer 2

@phi Could you help me?

Answer 3

Whenever I am looking at a math problem and they give me a story I try to separate the numbers from the story.

Answer 4

they gave me a chart to look at but i dont understand @KittyKat77

Answer 5

@KittyKat77

Answer 6

@ybarrap

Answer 7

@SolomonZelman

Answer 8

someone please help me!

Answer 9

What do you need to do ?

Answer 10

I am going to a store, I am out. Sorry and bye :(

Answer 11

http://www.weegy.com/
Use weegy. c:
I will keep looking for a answer but try weegy for now c:

Answer 12

i tried but the qestion was to long for them to answer @KittyKat77

Answer 13

I looked it up here and they have a bunch of answers!!
http://www.chegg.com/homework-help/search?gotoProblems=true&filter=qa&isbn=&search=Clarissa%E2%80%99s+income+puts+her+in+the+bottom+tax+bracket+%2810%25%29+last+year.+During+the+same+year%2C+she+earned+%24250+in+dividends+and+%2475+in+coupons+on+a+government+bond.+In+February%2C+she+purchased+a+common+stock+for+%24425.+She+sold+the+same+stock+eight+months+later+for+%24600.+What+is+the+total+Clarissa+will+pay+in+taxes+on+last+year%E2%80%99s+investments%3F&x=0&y=0

Answer 14

If you still can't find it I pulled up a search and here is the link:
https://www.google.com/#q=math+questions+with+answers

Answer 15

Sorry I couldn't help I really tried. Good luck if you need more help ask. c:

Answer 16

Do you still need help? @lay_lay396

Answer 17

Here's the information we know:
1. She is in the bottom tax bracket (10%)
2. $250 income from dividends
3. $75 income on bond coupon
4. She bought stock in Feb and sold it 8 months later.
That means all this happened in the same year.
She sold for $600 and bought for $425
$600 - $425 = $175 gain from sale of stocks.

Now look at each amount she made and what it's from and how much tax she has to pay on it. That's what the table shows.

Answer 18

yes @Ahlpa_Omega32

Answer 19

Hmm..well it looks like @mathstudent55 got it already, you should ask him/her.

Answer 20

thank you to all of you who were helping me i appreciate it @Ahlpa_Omega32 @mathstudent55 @KittyKat77 @solomanzelman

Answer 21

No problem @lay_lay396 It's me job it be helpful ^.^

Answer 22

No problem. c:

Answer 23

If you need help any help just tag me or pm me xD

Answer 24

$250 income from dividends Not taxed
$75 income on bond coupon Ordinary income tax 10%
$175 capital gains Ordinary income tax 10%

10% * $75 = $7.50
10% * $175 = $17.50

Total tax: $25.00

Answer 25

Alonzo’s income puts him in the third tax bracket (25%) last year. During the same year, he earned $325 in dividends and $100 in coupons on a municipal bond. Five years ago, he purchased a common stock for $275. He sold the same stock last year for $545. What is the total Alonzo will pay in taxes on last year’s investments?

Answer 26

Can you please start a new post?