Mathematics, 04.08.2020 21:01 jayjayw64
Karim has two investments, one in Company A, and another in Company B. Karim purchased 3,000 shares in company A at $2.65 per share. Since purchasing the shares, the price per share increased to $2.95 per share, after which point Karim decided to sell, realizing a profit. At the same time, Karim purchased 2,000 shares in Company B at $1.55 per share. Since purchasing the shares, the share price fell to $1.30 per share, after which Karim decided to sell the shares, suffering a loss. Karim is required to pay tax at a rate of 28% on the combined profit from both investments. Calculate how much tax Karim must pay.
Answers: 2
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Karim has two investments, one in Company A, and another in Company B. Karim purchased 3,000 shares...
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