Asked by Jay

Kelly purchased ten shares of Gentech stock for $200 in year 1 and sold all the shares in year 2 for $220 a share. Between year 1 and year 2, the price level increased by 5%. The tax on capital gains is 50%. If the capital gains tax is on nominal gains, calculate how much tax Sally pays on her gain. Calculate Kelly's capital gains if the tax is on real gains.
Answered by economyst
See my response to Sally above.
Answered by economyst
Sorry. See my respose to Sarah above.
Answered by Anonymous
95
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