Leyla has invested in a stock in January 2019. She has paid $20 per share and has purchased 500 shares. She sold her shares in December 2019 for $24 per share. In 2019, she received $0.60 dividend per share. Assume that her marginal tax rate is 40% and she is not elligible for dividend tax credit. Calculate the total dollar amount of taxes she needs to pay in her investment.
Total Income from dividends that are eligible for tax purpose :-
Here She is not eligible for dividend tax credit.
Here income from stock is two ways. there are
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