Chan’s employer gave him a share option in March last year to buy 10,000 shares in X Ltd for $5 each when the market price of the shares was $10. Mr. Chan exercised the share option in March this year when the market price of the shares was $15 each. He sold all the shares yesterday for $20 each. What is the share option gain to be included in the assessable income?

Sascha owns stock in Lewis Corp and she bought a $5,000 corporate bond. She received $52.50 in quarterly interest from the bond. Sascha also owns stock in Lewis Corp which is worth $46 per share, and it pays a $2 annual dividend.   If Lewis Corp later offers corporate bonds at an annual interest rate that is one percent higher than half the  of the bond Sascha bought, create an equation that models the quarterly interest earned, q, for any given bond face value, v.

Eight years ago, SW purchased 1,000 shares of Delta stock. On May 20 of the current year, it sold these shares for $90 per share. Required: In each case in which SW purchased 1,200 Delta shares, compute its tax basis in the shares. b. SW's cost basis in the 1,000 shares was $104 per share. It purchased 1,200 shares of Delta on. May 1 for $92 per share. c. SW's cost basis in the 1,000 shares was $104 per share. It purchased 1,200 shares of Delta on June 8 for $92 per share. d. SW's cost basis in the 1,000 shares was $79 per share. It purchased 1,200 shares of Delta on June 8 for $92 per share. b. C. d. Tax basis

Hannah bought 1,000 shares of Zoom Technologies stock at $15 from an initial public offering. Hannah sold the stock after it rose 40% on the opening day of trading. Hannah has a 24% effective tax rate and a 37% marginal tax rate. How much tax does Hannah owe from the stock sale? O $1,440. O $1,200. O $2,220. O $900. Save for Later Submit Answer

Ryan Neal bought 1,400 shares of Ford at $15.92 per share. Assume a commission of 2% of the purchase price. Ryan sells the stock for $20.23 with the same 2% commission rate. What is the gain or loss for Ryan?

Marty performed the following transactions this year: He sold shares of Yellow Corp. and realized a gain of $14,000 He sold share of MiniMax Inc. and realized a gain of $3,000 He sold shares of ExtraSpec Inc. and realized a loss of $22,000 Which is the net impact of Marty's transactions?   i want answer within one hour, Thanks

Maggie owns 100 shares of FloorMart, Inc. The firm pays a semi-annual dividend of $0.75 per share and offers the option to reinvest the cash dividends into additional shares of company stock. If the stock is selling for $55.00 per share, how many shares of stock will Maggie receive each dividend period if she chooses the dividend reinvestment plan?

Taylor bought x shares of a stock that sold for $31.50 per share. He paid a 2% commission on the sale. The total cost of his investment, including the broker fee, was $4,160.70. How many shares did Taylor purchase?

Sam bought through her broker 200 Apex Mining common stock at $61.50/share. The broker charged her 2% commission.  One year later she sold the shares for  $71.25. What is total cost of buying the stock?

Abby purchased 100 shares of her father’s favorite stock for $27 per share exactly 1 year ago, commission free. She sold it today for a total amount of $3275. She plans to invest the entire amount in a different corporation’s stock today, but she must now pay a $45 commission fee. If she plans to sell this new stock exactly 1 year from now and realize the same return as she has just made, what must be the total amount she receives next year? Include the commission fee as a part of the purchase price, but neglect any tax effects. The total amount that she receives next year is?