Tom, age 13, is claimed as a dependent by his parents. tom has unearned income of $3,400 and $300 of income from mowing lawns in the neighborhood. if the first $2,550 of tom's net unearned income is taxed at 10%, what is tom's 2018 income tax liability?
a. $370
b. $265
c. $459
d. $0

You are bearish on telecom and decide to sell short 100 shares at the current market price of $50 per share. a. how much in cash or securities must you put into your brokerage account if the broker’s initial margin requirement is 50% of the value of the short position? b. how high can the price of the stock go before you get a margin call if the maintenance margin is 30% of the value of the short position? (input the amount as a positive value. round your answer to 2 decimal places.)